Trending: Costco Shares Up After 3Q Earnings
May 26 2023 - 2:20PM
Dow Jones News
1450 ET -- Costco Wholesale is one of the most mentioned
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. Third-quarter earnings per share were
$2.93, which included a charge of 50 cents a share primarily for
discontinuation of charter shipping activities. This compares with
$3.04 a year earlier, which included a charge of 13 cents a share
for incremental employee benefits. Shares were recently up 4.6%, to
$508.86. Costco said its daily transaction amount fell, partly due
to weaker sales of big-ticket items like home furnishings and
electronics. The company is seeing inflation abate, including
improvements in food items like nuts, eggs and meat. Dow Jones
& Co. owns Factiva. (josh.beckerman@wsj.com)
(END) Dow Jones Newswires
May 26, 2023 15:05 ET (19:05 GMT)
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