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Costco rolls out special dividend as Q1 results top estimates

Investing.com -- Costco reported Thursday fiscal first-quarter results that topped Wall Street estimates and the discount retailer rolled out a special dividend to shareholders.   

Costco Wholesale Corp (NASDAQ:COST) was up 0.5% in afterhours trading following the report.

Costco reported fiscal Q3 earnings of $3.58 per diluted share on revenue of $57.80 billion, beating analyst estimates for EPS of $3.40 and revenue of $57.73B.

Comparable sales in the quarter increased 3.9%, led by growth in U.S. and Canada , up 2.6% and 8,2% respectively, while international was up 7.1% in the quarter.

The company declared a special dividend of $15 per share, payable Jan. 13 to shareholders of record as of Dec. 28.

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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.