Costco Climbs Postmarket After Big Profit Beat

Costco Climbs Postmarket After Big Profit Beat

© Reuters.

Investing.com – Shares of Costco Wholesale climbed after hours following a solid quarterly report Thursday.

Costco (NASDAQ:) rose about 3% in postmarket trading.

The company reported a fiscal second-quarter of $2.01 per share on sales of $35.4 billion. Profit was well ahead of analysts estimates of $1.69 a share, while sales were about in line with the forecast of $35.6 billion.

Same-store sales growth of 5.4% for the quarter was a little shy of estimates, according to Briefing.com.

The company said February same-store sales climbed 3.5%.

Source: Investing.com — Read: Original Article

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