Costco on Tuesday reported quarterly earnings that topped Wall Street's expectations.Costco is expected to share more details about the quarter during a conference call at 5 p.m. ET.on Tuesday reported quarterly earnings that topped Wall Street's expectations, as shoppers turned to the membership club for cheaper gas, discounted prices of bulk items and more.
Here's what the membership-based warehouse club reported for the three-month period that ended Sept. 3 compared with what analyst were expecting, according to consensus estimates from LSEG, formerly known as Refinitiv:Get Southern California news, weather forecasts and entertainment stories to your inbox.Costco's net income for the fiscal fourth-quarter rose to $2.2 billion, or $4.86 per share, compared with $1.87 billion or $4.20 per share a year earlier.
Comparable sales for the company rose 1.1% year over year, but only 0.2% in the U.S. Excluding changes in gas prices, the metric rose 3.8% overall and 3.1% in the U.S.
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