Costco results beat estimates

ISSAQUAH, Wash. — Costco Wholesale Corp. reported Q4 earnings rose by 16.36 percent to $3.13 per share, ahead of an estimated $2.83 per share. Revenues of $53.38 billion, a 12.39 increase, also beat an estimate of $52.08 billion. For the fiscal year, net income came to $4 billion, or $9.02 per diluted share, compared to $3.66 billion ($8.26) in the prior year. In Canada, comp sales rose by 9.1 percent for the quarter and five percent during fiscal 2020.