UPDATE: Costco Wholesale Q1 Adj $3.48 Beats $3.42 Estimate
Portfolio Pulse from Benzinga Newsdesk
Costco Wholesale (NASDAQ:COST) reported Q1 adjusted earnings of $3.48 per share, surpassing the consensus estimate of $3.42, marking a 12.26% increase from last year. Quarterly sales reached $57.80 billion, slightly above the $57.72 billion estimate, representing a 6.18% increase from the previous year.
December 14, 2023 | 9:27 pm
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POSITIVE IMPACT
Costco's Q1 earnings and sales exceeded analyst estimates, with a significant year-over-year growth in both earnings per share and total sales.
Costco's better-than-expected earnings and sales figures are likely to instill confidence in investors, potentially leading to a short-term positive impact on the stock price. The reported growth rates in both earnings and sales are significant and indicate strong company performance, which is typically rewarded by the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100