Costco Wholesale Corporation (COST) has reported an increase in its profit for the first quarter, surpassing last year's performance and exceeding Wall Street's expectations.
The company's net income rose to $1.798 billion, translating to earnings of $4.04 per share. This is a significant improvement compared to the $1.589 billion, or $3.58 per share, reported in the first quarter of the previous year.
Market analysts, based on data from Thomson Reuters, had anticipated earnings of $3.80 per share. It's noteworthy that analyst predictions generally do not take into account special items.
For this quarter, Costco's revenue climbed 7.5%, reaching $62.151 billion, up from $57.799 billion in the same quarter the year before.
In summary, key financial metrics for Costco Wholesale Corporation in accordance with Generally Accepted Accounting Principles (GAAP) for the first quarter are as follows:
-Earnings: $1.798 billion, in comparison to $1.589 billion last year.
-Earnings Per Share (EPS): $4.04, compared to $3.58 last year.
-Revenue: $62.151 billion, up from $57.799 billion in the prior year.
The material has been provided by InstaForex Company - www.instaforex.com
The company's net income rose to $1.798 billion, translating to earnings of $4.04 per share. This is a significant improvement compared to the $1.589 billion, or $3.58 per share, reported in the first quarter of the previous year.
Market analysts, based on data from Thomson Reuters, had anticipated earnings of $3.80 per share. It's noteworthy that analyst predictions generally do not take into account special items.
For this quarter, Costco's revenue climbed 7.5%, reaching $62.151 billion, up from $57.799 billion in the same quarter the year before.
In summary, key financial metrics for Costco Wholesale Corporation in accordance with Generally Accepted Accounting Principles (GAAP) for the first quarter are as follows:
-Earnings: $1.798 billion, in comparison to $1.589 billion last year.
-Earnings Per Share (EPS): $4.04, compared to $3.58 last year.
-Revenue: $62.151 billion, up from $57.799 billion in the prior year.
The material has been provided by InstaForex Company - www.instaforex.com