ISSAQUAH (dpa-AFX) - Costco Wholesale Corporation (COST) announced a profit for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $1.90 billion, or $4.28 per share. This compares with $1.68 billion, or $3.78 per share, last year.
Analysts on average had expected the company to earn $4.23 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 7.8% to $63.205 billion from $68.515 billion last year.
Costco Wholesale Corporation earnings at a glance (GAAP) :
-Earnings: $1.90 Bln. vs. $1.68 Bln. last year. -EPS: $4.28 vs. $3.78 last year. -Revenue: $63.205 Bln vs. $68.515 Bln last year.
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