logo
  

Costco Wholesale Q4 Profit Rises

Costco Wholesale Corporation (COST) Thursday reported fourth-quarter profit of $1.868 billion or $4.20 per share, compared to $1.670 billion or $3.76 per share last year.

Sales for the quarter increased 15.2 percent to $70.76 billion from $61.44 billion last year. Comparable sales for the fourth quarter was up 13.7%.

Analysts polled by Thomson Reuters expected earnings of $4.16 per share and revenues of $72.04 billion for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Lenoir, North Carolina -based Exela Pharma Sciences, LLC has expanded its recall of Sodium Bicarbonate Injection due to vial breakage to include more lots, the U.S. Food and Drug Administration said. The product is used for treatment of metabolic acidosis and is packaged in a 50 mL glass vial, 20 vials per carton. Elon Musk, who recently took Twitter Inc. private in a $44-billion deal, accused Apple Inc. of threatening to block the social media platform from its app store without giving the reason. In a series of tweets on Monday, the Tesla founder and CEO also said the tech giant had stopped advertising on Twitter, and that it was pressuring the firm over content moderation demands. Payments platform Paysafe has inked a partnership deal with Richard Branson's Virgin Voyages to enable travelers to speedily and securely make online payments for reserving next cruise booking. Paysafe's travel solution will also help mitigate all payment risks for travelers.
RELATED NEWS
Follow RTT