ISSAQUAH, Wash. (AP) — Costco Wholesale Corp. (COST) on Wednesday reported fiscal fourth-quarter net income of $697 million.
On a per-share basis, the Issaquah, Washington-based company said it had net income of $1.58.
Continue Reading Below
The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The warehouse club operator posted revenue of $35.52 billion in the period, also exceeding Street forecasts. Analysts expected $35.37 billion, according to Zacks.
Costco shares have increased slightly more than 5 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 5 percent. The stock has climbed 10 percent in the last 12 months.
This story was generated automatically by Automated Insights using data from Zacks Investment Research. Full Zacks research report: COST