Costco beats Q1 estimates

Costco Wholesale reported Q1 adjusted earnings of $3.58 per share, beating analyst projections of $3.41. Revenues of $57.8 billion were up by six percent year-over-year, and ahead of a Bloomberg projection of $57.7 billion. Comp sales were up by 3.8 percent overall but rose by a full 6.4 percent in Canada. In e-commerce, sales grew by 6.3 percent.