Costco Stock News

Costco bested analysts'' expectations on both its top and bottom lines

''Some inventory, in fact, won''t make it before Christmas,'' CFO says

DUBLIN--(BUSINESS WIRE)--The "Food and Beverages E-Commerce Global Market Report 2021: COVID-19 Growth and Change to 2030" report has been added to ResearchAndMarkets.com''s offering. The global food & beverages e-commerce market is expected to grow from $25.36 billion in 2020 to $31.25 billion in 2021 at a compound annual growth rate (CAGR) of 23.2%. The market is expected to reach $66.95 billion in 2025 at a CAGR of 21%. Major players in the food and beverage (F&B) e-commerce market ar

Costco Wholesale Corporation (NASDAQ: COST) reported total revenue of $50.3 billion for the first quarter of 2022, up 16% year-over-year. Net income was $1.32 billion, or $2.98 per share, compared [] The post Costco Wholesale Corporation (COST) Earnings: 1Q22 Key Numbers first appeared on AlphaStreet .

Hillsdale Investment Management Inc. lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 34.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 214 shares of the retailers stock after selling 111 shares during the period. Hillsdale Investment Management Inc.s holdings in Costco []

Costco Wholesale (NASDAQ:COST) had its price objective increased by Oppenheimer from $550.00 to $580.00 in a research note released on Tuesday morning, The Fly reports. They currently have an outperform rating on the retailers stock. Oppenheimer also issued estimates for Costco Wholesales Q2 2022 earnings at $2.45 EPS, Q3 2022 earnings at $2.90 EPS, Q4 []

STATE OF THE MARKETS Stocks rallied to key resistance. US stocks continue to rally for the third day, after affirmative reports of Pfizers vaccine effectiveness on Omicron. Improved job openings helped fuel the rally that sent Dow (+0.10%), Nasdaq (+0.64%), and S&P (+0.31%) including Russell (+0.80%) to test their key resistance. Hope for a Santa Rally sent the 10Y yields back up to 150 basis points while Dollar (DXY) was under pressure at the 96 handle. In the commodities market, crude continued its upward trajectory to test the $73/bl handle as fears of global lockdown eased. Gold continues to hold bidders at the $1,780/oz mark as investors see inflation report to rise further this Friday. Elsewhere, iron ore jumped to $106.80/tn after reports of China Steel Mills ready to restock for 2022. In the FX space, Aussie continued to advance in demand across the horizons while Sterling was sent further down the back burner. Euro flipped to demand in the short and medium term accounts as the Dollar eased.

Costco Wholesale Co. (NASDAQ:COST) Stock analysts at Oppenheimer raised their Q2 2022 earnings estimates for Costco Wholesale in a report released on Tuesday, December 7th. Oppenheimer analyst R. Parikh now forecasts that the retailer will earn $2.45 per share for the quarter, up from their prior estimate of $2.42. Oppenheimer has a Outperform rating [] The post Costco Wholesale Co. (NASDAQ:COST) to Post Q2 2022 Earnings of $2.45 Per Share, Oppenheimer Forecasts appeared first on ETF Daily News .

Retail chain Costcos quarterly results for Q1 2022, released Thursday (Dec. 9), were better than initially expected, with quarterly revenue rising 16.6% in the quarter ending Nov. 21 for a total of $50.36 billion. That was ahead of the estimates of $49.60 billion. According to Costcos release, the company net income was $1.32 billion, up []

The post Dow Jones Futures: Market Rally Faces First Test As Inflation Report Looms; Tesla Skids As Cathie Wood Says This appeared on BitcoinEthereumNews.com . Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures, with a crucial inflation report on tap Friday morning after Thursdays growth-led sell-off. Costco Wholesale

PDS Planning Inc boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 9.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 994 shares of the retailers stock after acquiring an additional 87 shares during the quarter. PDS Planning Incs holdings in Costco Wholesale []

Arkfeld Wealth Strategies L.L.C. lowered its position in Costco Wholesale Co. (NASDAQ:COST) by 8.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,256 shares of the retailers stock after selling 212 shares during the quarter. Arkfeld Wealth Strategies L.L.C.s holdings in Costco []

(RTTNews) - Costco Wholesale Corporation (COST) announced a profit for its first quarter that increased from the same period last year The company''s earnings totaled $1.32 billion, or $2.98 per share. This compares with $1.17 billion, or $2.62 per share, in last year''s first quarter. The company''s revenue for the quarter rose 16.5% to $50.

Membership-only retail chain Costco Wholesale Corp beat Wall Street estimates for quarterly revenue on Thursday, as consumers returning to its stores bought more fresh foods, snacks, jewelry and home furnishings.