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Costco Wholesale Corporation Q4 Profit Rises 18%

Costco Wholesale Corporation (COST) released earnings for its fourth quarter that climbed compared to the same period last year.

The company said its bottom line advanced to $919 million, or $2.08 per share. This was higher than $779 million, or $1.77 per share, in last year's fourth quarter.

Analysts had expected the company to earn $2.02 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 15.7% to $42.30 billion. This was up from $36.56 billion last year.

Costco Wholesale Corporation earnings at a glance:

-Earnings (Q4): $919 Mln. vs. $779 Mln. last year.
-Earnings Growth (Y-o-Y): 18.0%
-EPS (Q4): $2.08 vs. $1.77 last year.
-EPS Growth (Y-o-Y): 17.5%
-Analysts Estimate: $2.02
-Revenue (Q4): $42.30 Bln vs. $36.56 Bln last year.
-Revenue Change (Y-o-Y): 15.7%

by RTT Staff Writer

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