Costco Wholesale Corporation Reveals 3% Retreat In Q1 Earnings

(RTTNews) - Costco Wholesale Corporation (COST) reported a profit for first quarter that lost ground compared to the same period last year.

The company said its profit fell to $480 million, or $1.09 per share. This was lower than $496 million, or $1.12 per share, in last year's first quarter.

Analysts had expected the company to earn $1.17 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.3% to $27.22 billion. This was up from $26.87 billion last year.

Costco Wholesale Corporation earnings at a glance:

-Earnings (Q1): $480 Mln. vs. $496 Mln. last year. -Earnings Decline (Y-o-Y): -3.2% -EPS (Q1): $1.09 vs. $1.12 last year. -EPS Decline (Y-o-Y): -2.7% -Analysts Estimate: $1.17 -Revenue (Q1): $27.22 Bln vs. $26.87 Bln last year. -Revenue Change (Y-o-Y): 1.3%