Costco Wholesale Corporation COST shares are trading higher after the company reported fourth-quarter earnings per share results up from last year and better-than-expected sales results.
Costco reported quarterly earnings per share results of $3.90, which was up from $3.13 year-over-year and sales results of $61.44 billion which beat the $61.30 billion estimate.
The company also reported Q4 comparable sales were up 15.5% year-over-year and and e-commerce sales were up 11.2% year-over-year.
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, and several other countries.
Costco's stock was trading about 3% higher at $466.58 per share on Friday at the time of publication.
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