Costco Sales, Earnings Rev Up
The company beats expectations by 2 cents a share.
Costco's
(COST) - Get Report
said third-quarter earnings shot up 18% on a 6% jump in same-store sales.
In the quarter ended May 11, the wholesale membership club earned $153.8 million, or 33 cents a share, compared with $130.4 million, or 28 cents a share, last year. Overall sales rose 11% to $9.34 billion while comparable-warehouse sales jumped 6%.
Analysts surveyed by First Call were expecting earnings of 31 cents a share, on average.
Loading ...