Costco earnings top Wall Street estimates

Costco Wholesale Corp.

shares slipped in the extended session Tuesday even after the membership warehouse chain reported quarterly results that topped Wall Street estimates. Costco shares slipped 1.5% after hours, following a 1% decline in the regular session to close at $552.96. Costco reported fourth-quarter net income of $2.16 billion, or $4.86 a share, compared with $1.87 billion, or $4.20 a share, in the year-ago period. Revenue rose to $78.94 billion from $72.09 billion in the year-ago quarter.

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Costco earnings: Can the retailer keep rolling as analysts speculate on membership-fee hike?Costco Wholesale Corp. reports fiscal fourth-quarter results after the close on Tuesday.
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