(RTTNews) - Costco Wholesale Corporation (COST) released earnings for its second quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $1.47 billion, or $3.30 per share. This compares with $1.30 million, or $2.92 per share, in last year's second quarter.
Analysts on average had expected the company to earn $3.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 6.5% to $55.27 billion from $51.90 billion last year.
Costco Wholesale Corporation earnings at a glance (GAAP) :
-Earnings (Q2): $1.47 Bln. vs. $1.30 Mln. last year. -EPS (Q2): $3.30 vs. $2.92 last year. -Analyst Estimate: $3.21 -Revenue (Q2): $55.27 Bln vs. $51.90 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.