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Costco: Fiscal Q2 Earnings Snapshot


Costco: Fiscal Q2 Earnings Snapshot

ISSAQUAH, Wash. (AP) -- ISSAQUAH, Wash. (AP) -- Costco Wholesale Corp. (COST) on Thursday reported fiscal second-quarter profit of $1.79 billion.

The Issaquah, Washington-based company said it had net income of $4.02 per share.

The results missed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $4.09 per share.

The warehouse club operator posted revenue of $63.72 billion in the period, topping Street forecasts. Twelve analysts surveyed by Zacks expected $63.22 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COST at https://www.zacks.com/ap/COST

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