Costco Wholesale Corporation (COST) Releases Earnings Results, Beats Expectations By $0.04 EPS

Costco Wholesale Corporation (COST) announced its most recent quarterly financial results on Thursday, Sep-29-2016. COST said it had a profit of $1.77 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $1.73. The company posted revenue of $36560.00 million in the period, compared to analysts expectations of $36903.67 million. COST’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 EPS.

Costco Wholesale Corporation closed down -0.74 points or -0.49% at $150.45 with 25,69,036 shares getting traded on Tuesday. Post opening the session at $151.42, the shares hit an intraday low of $150 and an intraday high of $151.77 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 18, 2016, John W Meisenbach (director) sold 5,737 shares at $167.74 per share price. According to the SEC, on Jul 11, 2016, Douglas W Schutt (Former Executive VP) sold 14,656 shares at $166.76 per share price. On Jul 11, 2016, John D Mckay (Executive Vice President) sold 7,500 shares at $166.58 per share price, according to the Form-4 filing with the securities and exchange commission.

Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico Canada United Kingdom (U.K.) Mexico Japan Australia Spain and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144000 square feet. The Company’s warehouses generally operate on a seven-day 69-hour week. The Company’s product categories include Food Sundries Hardlines Fresh Food Softlines Ancillary and Other. The Company’s online business provides products which include services such as photo processing pharmacy travel business delivery and membership services.

Costco Wholesale Corporation

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