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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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.
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IMPORTANCE 90
RELEVANCE 100