Costco revenues beat estimates

Costco Wholesale Corp. reported that Q4 net income rose to $1.67 billion, or $3.76 per share, from $1.39 billion ($3.13) a year ago. Revenues increased to $62.68 billion from $53.38 billion, coming out on top of analyst estimates of $61.3 billion. Comp sales were up by 9.4 percent.

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