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Costco Wholesale Corporation Q1 Profit Climbs, but misses estimates

Costco Wholesale Corporation (COST) announced earnings for its first quarter that increased from the same period last year but missed the Street estimates.

The company's earnings came in at $1.36 billion, or $3.07 per share. This compares with $1.32 billion, or $2.98 per share, in last year's first quarter.

Analysts on average had expected the company to earn $3.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.1% to $54.44 billion from $50.36 billion last year.

Costco Wholesale Corporation earnings at a glance (GAAP) :

-Earnings (Q1): $1.36 Bln. vs. $1.32 Bln. last year.
-EPS (Q1): $3.07 vs. $2.98 last year.
-Analyst Estimate: $3.11
-Revenue (Q1): $54.44 Bln vs. $50.36 Bln last year.

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