CORRECTION: Costco Wholesale Q1 Total Revenue $57.80B Beat $57.72B Estimate
Portfolio Pulse from Benzinga Newsdesk
Costco Wholesale (NASDAQ:COST) reported Q1 earnings of $3.48 per share, surpassing the consensus estimate of $3.42, and marking a 12.26% increase from last year. Q1 sales reached $57.80 billion, slightly beating estimates of $57.72 billion and showing a 6.18% increase from the previous year.
December 14, 2023 | 9:28 pm
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POSITIVE IMPACT
Costco's Q1 earnings and sales exceeded analyst estimates, with a notable year-over-year growth in both earnings per share and total revenue.
Costco's better-than-expected quarterly earnings and revenue are likely to instill confidence in investors, potentially leading to a short-term positive impact on the stock price. The earnings beat and revenue growth indicate the company's strong performance and may attract more investors, driving up demand for the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100