Costco Wholesale Corporation (COST) revealed a profit for third quarter that decreased from last year and missed the Street estimates.
The company's bottom line came in at $1.30 billion, or $2.93 per share. This compares with $1.35 billion, or $3.04 per share, in last year's third quarter.
Analysts on average had expected the company to earn $3.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 2.0% to $53.65 billion from $52.60 billion last year.
Costco Wholesale Corporation earnings at a glance (GAAP) :
-Earnings (Q3): $1.30 Bln. vs. $1.35 Bln. last year.
-EPS (Q3): $2.93 vs. $3.04 last year.
-Analyst Estimates: $3.29
-Revenue (Q3): $53.65 Bln vs. $52.60 Bln last year.
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