ISSAQUAH, Wash. (AP) — ISSAQUAH, Wash. (AP) — Costco Wholesale Corp. (COST) on Thursday reported fiscal second-quarter profit of $1.79 billion.
The Issaquah, Washington-based company said it had net income of $4.02 per share.
The results missed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $4.09 per share.
The warehouse club operator posted revenue of $63.72 billion in the period, topping Street forecasts. Twelve analysts surveyed by Zacks expected $63.22 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COST at https://www.zacks.com/ap/COST
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