Costco Wholesale Corporation Reports 14% Advance In Q1 Profit

(RTTNews) - Costco Wholesale Corporation (COST) reported earnings for its first quarter that advanced from last year.

The company said its bottom line rose to $545 million, or $1.24 per share. This was up from $480 million, or $1.09 per share, in last year's first quarter.

Analysts had expected the company to earn $1.19 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.2% to $28.10 billion. This was up from $27.22 billion last year.

Costco Wholesale Corporation earnings at a glance:

-Earnings (Q1): $545 Mln. vs. $480 Mln. last year. -Earnings Growth (Y-o-Y): 13.5% -EPS (Q1): $1.24 vs. $1.09 last year. -EPS Growth (Y-o-Y): 13.8% -Analysts Estimate: $1.19 -Revenue (Q1): $28.10 Bln vs. $27.22 Bln last year. -Revenue Change (Y-o-Y): 3.2%