Costco Wholesale Corporation (NASDAQ:COST) reported on Thursday that earnings in the fiscal third-quarter moved up 19% while the company revenue moved up more slowly than anticipated.
The wholesale-club operator Costco reported that profit in the quarter ended May 6 was $386 million or 88 cents per share, high from $324 million or 73 cents per share in the previous year. The company reported that revenue surged 8.2% to $22.32 billion.
Thomson Reuters analysts survey most recently anticipated earnings of 87 cents on $22.85 billion of revenue.
The company posted that revenue from membership fees moved up 9.2% to $475 million while operating margin climbed to 2.8% from 2.7%.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Target Corporation (NYSE:TGT) advanced +0.83% to settle at $57.25, Dollar General Corp. (NYSE:DG) moved up +1.60% to end at $47.65 while Wal-Mart Stores, Inc. (NYSE:WMT) surged + 0.76% to finish on Thursday at $65.07.
Costco Wholesale Corporation (NASDAQ:COST) began the last trading session with a price of $84.25 and throughout the session climbed at a high of $85.27 but when day-trade ended the stock finally advanced +1.40% to $84.48.
COST had a trade volume of 3.56 million shares was higher as compared to average trading capacity of 2.32 million shares.
The stock is ahead its 52 week low with 21.00% and lagging behind from its 52 week high price with -8.27%. COST last month stock price volatility remained 1.46%. In its share capital COST has 433.97 million outstanding shares among them 430.16 million shares have been floated in market exchange. COST stock institutional ownership remained 78.13% while insider ownership included 0.34%.
Shares price of COST moved down from its 20 days moving average with -0.24% and remote negatively from 50 days moving average with -3.24%. COST current year earnings per share experienced an addition with +12.92% while its current quarter performance remained +0.43%. Company’s beta coefficient included 0.68. Beta factors measures the amount of market risk associated with market trade.
DO NOT TRADE ANY STOCK WITHOUT LEVEL 2 STOCK QUOTES! QuoteDaddy.com delivers it's user with the most in-depth Level 2 Quotation System available on the Planet! NO Downloads, NO Widgets, NO Plugins required! Stay on TOP of your trades with QuoteDaddy.com! CLICK HERE TO START YOUR FREE 30-DAY TRIAL