Costco: Fiscal Q1 Earnings Snapshot

ISSAQUAH, Wash. (AP) — ISSAQUAH, Wash. (AP) — Costco Wholesale Corp. (COST) on Thursday reported fiscal first-quarter earnings of $2 billion.

The Issaquah, Washington-based company said it had profit of $4.50 per share. Earnings, adjusted for pretax gains, were $4.34 per share.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $4.26 per share.

The warehouse club operator posted revenue of $67.31 billion in the period, which did not meet Street forecasts. Nine analysts surveyed by Zacks expected $67.33 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COST at https://www.zacks.com/ap/COST