Costco’s Q3 Profit And Revenue Come In Ahead Of Expectations

| December 28, 2016

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Discount warehouse operator Costco Wholesale Corporation (NASDAQ:COST) late Wednesday posted better than expected third quarter earnings results, surpassing the initial figures it release late last month. The Issaquah, WA-based company reported Q1 EPS of $1.24, which was $0.05 better than the $1.19 that analysts were expecting. Revenues, including membership fees, rose 3.2% from last year to $28.1 billion, slightly missing Wall Street’s $28.32 billion estimate. Back on November 30, COST preannounced that its Q1 sales would rise 3% to $27.5 billion, so the actual final numbers eclipsed that estimate. Costco also said its Q1 comparable sales (excluding gasoline) would rise 1%, or 2% on a constant currency basis. The company offered very little in terms of additional color on its latest quarter, but apparently plans to address most details in its conference call this evening. Costco shares fell $0.84 (-0.55%) to $153.01 in after-hours trading Wednesday. Prior to today’s report, COST had fallen 4.85% year-to-date, versus a 10% rise in the benchmark S&P 500 index during the same period.

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The GEO community makes the difference between grantmaking as usual and transformational change. We’re more than 6,000 grantmakers working together to turn a hunger for more effective philanthropy into clear pathways for achieving it. We’re cutting through the noise to lift up the practices that matter most to nonprofits. The GEO community gives grantmakers the opportunity to work with others navigating the same journey to improve. With conferences focused on solving of-the-moment challenges, regular opportunities for peer learning, and publications that lift up best practice and examples from peers, GEO speeds grantmakers’ progress on the road to effectiveness. Four out of five GEO members outpace the field in adopting smarter grantmaking practices. To learn more about how GEO is making faster progress possible, visit www.geofunders.org.

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