Discount warehouse operator Costco Wholesale Corporation (NASDAQ:COST)late Wednesday posted better than expected third quarter earnings results, surpassing the initial figures it release late last month.
The Issaquah, WA-based company reported Q1 EPS of $1.24, which was $0.05 better than the $1.19 that analysts were expecting. Revenues, including membership fees, rose 3.2% from last year to $28.1 billion, slightly missing Wall Street’s $28.32 billion estimate.
Back on November 30, COST preannounced that its Q1 sales would rise 3% to $27.5 billion, so the actual final numbers eclipsed that estimate. Costco also said its Q1 comparable sales (excluding gasoline) would rise 1%, or 2% on a constant currency basis.
The company offered very little in terms of additional color on its latest quarter, but apparently plans to address most details in its conference call this evening.
Costco shares fell $0.84 (-0.55%) to $153.01 in after-hours trading Wednesday. Prior to today’s report, COST had fallen 4.85% year-to-date, versus a 10% rise in the benchmark S&P 500 index during the same period.
