Costco said membership fees rose by 11.8% to $531 million.
However, revenue still fell short of analysts' predictions. Costco reported revenue that rose nearly 8% to $24.08 billion, short of Wall Street estimates of $24.21 billion. Revenue from stores open at least a year climbed 5%.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.
-- Written by Brittany Umar.
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