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Costco Wholesale Corporation stock price, COST
Costco Wholesale Corporation stock chart:
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Costco Wholesale Corporation latest news:
BRIEF-Costco Wholesale Announces Quarterly Cash Dividend
* COSTCO WHOLESALE CORPORATION ANNOUNCES QUARTERLY CASH
BRIEF-Costco reports December sales results
* COSTCO WHOLESALE CORPORATION REPORTS DECEMBER SALES
Costco Wholesale and Hess rise; Oracle and CSX tumble
Stocks that moved substantially or traded heavily on Friday: Oracle Corp., down $1.89 to $48.30
Costco (COST) Posts Q1 Earnings Beat, E-commerce Sales Up 43.5%
Costco Wholesale Corp COST just released its first quarter fiscal 2018 results posting earnings 1 45 per share and revenues of 31 8 billion Currently COST is a 3 Hold on the Zacks Rank and is up almost 1 to 188 21 per share in trading shortly after its earnings report was
UPDATE 1-Costco quarterly profit beats on online sales strength
Dec 14 (Reuters) - Retailer Costco Wholesale Corp
on Thursday reported quarterly profit and revenue that beat
analysts' estimates, as its investments in online business paid
Costco shares rise after retailer's Q1 earnings beat
Shares of Costco Wholesale Corp. rose 1.1% late Thursday after the retailer reported fiscal first-quarter per-share earnings and revenue above Wall Street estimates. Costco said it earned $640 million, o $1.45 a share, in the quarter, compared with $545 million, or $1.24 a share, in the year-ago period. Revenue rose to $31.81 billion, compared with $28.1 billion a year ago. Analysts polled by FactSet had expected earnings of $1.33 a share on revenue of $31.13 billion. Comparable-store sales rose 10.5%, and e-commerce sales rose 43.5%, Costco said. The stock ended the regular Thursday session down 0.9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Costco's profit jumps 17 percent on higher membership fees, online sales
Retailer Costco Wholesale Corp reported a 17.4 percent rise in quarterly profit on Thursday, fueled by higher membership fees and strong online sales. Net income attributable to Costco rose to $640 million, or $1.45 per share, in the first quarter ended Nov. 26, from $545 million, or $1.24 per share, a year earlier. Total revenue rose to $31.81 billion from $28.10 billion.
MoviePass and Fandor team up with Costco with 1-year subscription to both services for $89.99
MoviePass, the film-theater subscription service owned by Helios and Matheson Analytics Inc. , and Fandor, a streaming service with a database of independent films, documentaries, international features and shorts, are teaming up with Costco Wholesale Corp. to offer a special one-year plan for $89.99 that will give subscribers access to Fandor's library as well as to MoviePass' cinema plan. The offer will be available online for just one week from Dec. 12 to Dec. 18, the companies said in a statement. "those who sign up for the one year subscriptions will receive digital codes providing instant access to Fandor's library of over 5,000 films, as well as a year's worth of the latest and greatest in-theater experiences through MoviePass," the statement said. MoviePass has grown its subscriber base to more than 600,000 since launching a $9.95 a month plan in August. Helios and Matheson shares were trading up 17.5% Tuesday, while Costco shares were down 0.6%. The S&P 500 was up 0.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Costco's stock hits record high after Raymond James boosts price target
Costco Wholesale Corp.'s stock jumped to a record high, before erasing those gains, after Raymond James analyst Budd Bugatch boosted his price target to the second highest on Wall Street, citing "solid" November sales results, and optimism ahead of the warehouse-club retailer's fiscal first-quarter results next week. Bugatch raised his target to $202, which is about 7% above current levels, from $173, while affirming his outperform rating. That puts his target behind just Susquehanna Financial analyst Bill Dreher's target of $205, according to FactSet. Bugatch acknowledged that the stock's recent rally "stretches" its valuation above the three-year average, and above those of its large market-capitalization peers. "Nonetheless, the company's recent sales results have been nothing short of impressive, even in the face of heightened media and investor attention surrounding Amazon's integration of Whole Foods," Bugatch wrote in a note to clients. The stock was down 0.2% in morning trade, but was up as much as 0.7% at an all-time intraday high of $191.22 earlier in the session. The stock has run up 19% over the past three months, while the SPDR S&P Retail ETF has climbed 11% and the S&P 500 has rallied 7.4%. Costso is scheduled to report earnings on Dec. 14, after the market closes.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Costco shares jump more than 3% after company 'turns in a month for the ages'
Warehouse club posts surprisingly strong November sales. Costco Wholesale Corp. (COST) shares rose more than 3% Thursday after the company posted surprisingly strong sales numbers for November, drawing applause from analysts. The biggest warehouse club in the U.S.
CostCo shares jump 2.7% after strong November sales numbers
CostCo Wholesale Corp. shares rose 2.7% Thursday, after the company "turned in a month for the ages" with its November sales, according to Retail Metrics analyst Ken Perkins. CostCo said same-store sales rose 10.8% in November, while net sales climbed 13% to $11.26 billion from $9.95 billion in the same period a year ago. E-commerce sales rose 39% in the month. "This was the Issaquah, Washington-based club's biggest monthly comp in over 6 years dating back to September 2011 when it posted a 12% gain," said Perkins. Growth was spread across most categories, with hardline comps up in the low teens, mid-teens gains in appliances, tablets and computers, and strength in auto, tires, sporting goods and office. Shares have gained 14% in 2017, while the S&P 500 has gained 17%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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