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Costco (COST) Beats Q3 Earnings & Revenue Estimates, E-Commerce Sales Up 36.8%

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Costco (COST - Free Report) just released its third-quarter fiscal 2018 financial results, posting adjusted earnings of $1.70 per share and revenues of $32.36 billion.

Costco is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of Costco are up 10.65% during the last year and have popped 2.9% in the last 4 weeks. The company’s stock did dip 0.70% on Thursday to hit $198.24 per share prior to the release of its quarterly earnings results.

Costco stock is currently down 1.76% to $194.75 per share in after-hours trading shortly after its earnings report was released.

COST:

Beat earnings estimates. The company posted adjusted earnings of $1.70 per share, beating the Zacks Consensus Estimate of $1.51 per share.   

Beat revenue estimates. The company saw revenue figures of $32.36 billion, beating our consensus estimate of $31.74 billion.

Costco saw its quarterly revenues climb by roughly 12% from year-ago period. The wholesale retail giant’s e-commerce sales surged 36.8%.

Here’s a graph that looks at COST’s Price, Consensus and EPS Surprise history:

Costco Wholesale Corporation Price, Consensus and EPS Surprise

Costco Wholesale Corporation Price, Consensus and EPS Surprise | Costco Wholesale Corporation Quote

Check back later for our full analysis on COST’s earnings report!

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