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Costco Q4 results beat Wall Street estimates

Investing -- Costco reported Tuesday fourth-quarter results that beat Wall Street estimates on both the top and bottom lines. 

Costco Wholesale Corp (NASDAQ:COST) fell 1% in aftermarket hours.

Costco Wholesale reported fiscal Q4 earnings of $4.86 a diluted share on revenue of $78.94 billion, compared with estimates for $4.78 and revenue of $77.72 billion.

Comparable sales in the quarter increased 1.1%. Sales in the U.S. and Canada were up 0.2% and 1.8% respectively, while international was up 5.5% in the quarter. E-commerce adjusted sales were down 0.6% in the quarter.

Membership fees rose $1.51B, up from $1.34B in the same period last year.

 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.