Costco Beats on Revenue and EPS, Posts Double-Digit Q4 Comps Growth

Warehouse club retailer Costco Wholesale (NASDAQ: COST) released its fiscal fourth-quarter and full-year results yesterday after market close, delivering several positive surprises. Riding the tailwinds of COVID-19's effects, rather than sustaining damage from them, Costco outperformed on a year-over-year basis.

Costco's earnings per share for Q4 amounted to a diluted $3.13 per share, 9.8% higher than the $2.85 analyst estimate reported by Zacks Equity Research. Revenue for the quarter also beat analyst predictions, coming in 1.75% ahead of the Wall Street figure of $53.38 billion.

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Source Fool.com