Costco Wholesale (NASDAQ: COST) 3Q19 Results: Beats Consensus on Revenues and EPS

Key Points

• Costco Wholesale reported 3Q19 revenues of $34.74 billion, up by 7.4% and slightly above the consensus estimate of $34.71 billion.
• Net income for the quarter was $906 million, compared with $750 million in the year-ago quarter.
• Consensus estimates for 4Q19 call for Costco to report revenues of $47.46 billion, net sales of $46.18 billion and an operating margin of 3.3%.