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Costco: Fiscal 4Q Earnings Snapshot

October 4, 2018

ISSAQUAH, Wash. (AP) _ Costco Wholesale Corp. (COST) on Thursday reported fiscal fourth-quarter profit of $1.04 billion.

The Issaquah, Washington-based company said it had profit of $2.36 per share.

The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.34 per share.

The warehouse club operator posted revenue of $44.41 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $44.4 billion.

For the year, the company reported profit of $3.13 billion, or $7.09 per share. Revenue was reported as $141.58 billion.

Costco shares have climbed 24 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 8.5 percent. In the final minutes of trading on Thursday, shares hit $231.68, a rise of 40 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COST at https://www.zacks.com/ap/COST

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