Costco Mostly In-Line Earnings (COST)
March 5, 2008 by Douglas A. McIntyreCostco Wholesale Corp. (NASDAQ: COST) has posted earnings of $0.74 per share EPS on revenues of $16.62 Billion. First Call had estimates at $0.74 on EPS and $16.85 Billion in revenues.
For Feb/March, Costco reported total sales of $5.11 Billion for the four weeks ended March 2, 2008, which was an increase of 11% net and its February same-store sales increased 7.0%.
As of last look, analysts still had a target of roughly $71.00 on the stock. Costco closed at $62.39 yesterday and the 52-week trading range is $51.52 to $72.68.
Jon C. Ogg
March 5, 2008
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