Costco Q1 Earnings Highlights: Shares Are Trading Higher After The Company Posted Upbeat Q1 Earnings
- 4 months ago
Costco Wholesale Corporation (NASDAQ:COST) posted upbeat earnings for its first quarter and announced a special cash dividend of $15 per share on Thursday.
Costco said first-quarter net sales increased 6.1% year-over-year. The company reported quarterly revenue of $57.8 billion, which beat the consensus estimate of $57.72 billion. The retailer reported adjusted quarterly earnings of $3.48 per share, which beat analyst estimates of $3.42 per share.
Costco said first-quarter net sales increased 6.1% year-over-year. The company reported quarterly revenue of $57.8 billion, which beat the consensus estimate of $57.72 billion. The retailer reported adjusted quarterly earnings of $3.48 per share, which beat analyst estimates of $3.42 per share.