Costco posted its fiscal second quarter earnings results that crushed analysts’ expectations.
Th e retail company’s earnings for the quarter came in at $2.92 a share, well above the $2.73 a share predicted by analysts (based on Visible Alpha data).
Revenue of $51.9 billion also exceeded analysts’ forecast of $51.3 billion.
Comparable sales grew +14.4%, vs. +11.8% expected by analysts. The growth is a slight deceleration from the preceding quarter's pace of growth.