Costco Wholesale (COST) Stock News

Costco reported fiscal Q4 earnings of $6.75 per share on $95.72 billion revenue, beating analyst estimates, as consumers kept spending through sticky inflation.

Costco reports Q4 diluted EPS of $6.75 on total revenue of $95.72 billion, above FactSet consensus of $6.54 and $95 billion. Net sales rose 11.2% to $93.9 billion. Comparable store sales up 9.4%.

The Nasdaq trimmed losses to near flat as Fed officials signaled possible rate hikes in October. The 10-year yield rose to 5.18% and WTI crude climbed 3% on Iran-Strait of Hormuz talks. Costco slipped ahead of earnings due after the close. MGM tumbled 11% on a failed takeover. TD Synnex fell 8% despite beating estimates on negative free cash flow. Oracle dropped 6% on force majeure data center concerns. Everpure surged 17% to a record after analyst day forecasts. GoDaddy broke out on class-action lawsuit news. New home sales beat expectations. Jobless claims rose less than expected.