Investing.com - Costco (NASDAQ:COST) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Costco announced earnings per share of $2.98 on revenue of $49.42B. Analysts polled by Investing.com anticipated EPS of $2.59 on revenue of $48.94B.
Costco shares are up 39% from the beginning of the year and are trading at $527.86 , down-from-52-week-high.They are outperforming the Nasdaq which is up 20.4% from the start of the year.
Costco shares gained 0.67% in after-hours trade the report.
Costco follows other major Consumer Staples sector earnings this month
Costco's report follows an earnings beat by Walmart on Tuesday, November 16, 2021, who reported EPS of $1.45 on revenue of $140.53B, compared to forecasts EPS of $1.4 on revenue of $135.43B.
Alimentation Couchen A had missed expectations on Tuesday, November 23, 2021 with second quarter EPS of $0.65 on revenue of $14.22B, compared to forecast for EPS of $0.67 on revenue of $11,248M.
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