Costco beats quarterly revenue estimates on strong grocery demand-October 2024-www.financetom.com

Costco beats quarterly revenue estimates on strong grocery demand

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Costco beats quarterly revenue estimates on strong grocery demand

May 30, 2024 2:23 PM

May 30 (Reuters) - Costco Wholesale ( COST ) beat

third-quarter revenue expectations on Thursday, as cash-strapped

consumers flocked to its warehouses to grab low-priced groceries

and discretionary items.

The company reported total revenue of $58.52 billion in the

quarter ended May 12, compared with analysts' average estimate

of $58.07 billion, according to LSEG data.

Previous page： Michael Cohen won't face sanctions after generating fake cases with AI Next page： Why Westwater Resources Shares Are Surging Today

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Michael Cohen won't face sanctions after generating fake cases with AI

Mar 20, 2024

NEW YORK, March 20 (Reuters) - A federal judge on Wednesday declined to sanction Michael Cohen, the former lawyer and fixer for Donald Trump, for mistakenly giving his lawyer fake case citations generated by artificial intelligence, while calling the episode embarrassing for the lawyer and Cohen himself. U.S. District Judge Jesse Furman in Manhattan also refused to end court-supervised release...

Why Westwater Resources Shares Are Surging Today

Mar 20, 2024

Westwater Resources, Inc. ( WWR ) shares are trading higher after the company reported FY23 results. The company didn’t report any revenue from operations since 2009. The company reported an EPS loss of $(0.15) in 2023, a decrease from $(0.25) in 2022, mainly owing to a $3.1 million cash settlement from the Republic of Turkey and a $1.2 million write-off of accrued uranium...

Microstrategy Insider Sold Shares Worth $4,925,088, According to a Recent SEC Filing

Mar 20, 2024

11:08 AM EDT, 03/20/2024 (MT Newswires) -- Michael J Saylor, 10% Owner, Director, Executive Chairman, on March 18, 2024, sold 3,152 shares in Microstrategy ( MSTR ) for $4,925,088. Following the Form 4 filing with the SEC, Saylor has control over a total of 1,848 shares of the company, with 1,848 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1050446/000095017024033575/xslF345X03/ownership.xml Price: 1447.09, Change:...

Update: Nvidia Expands Partnerships With EV Makers for Drive Thor Platform

Mar 20, 2024

11:06 AM EDT, 03/20/2024 (MT Newswires) -- (Updates with SK Hynix's response in the seventh paragraph.) Nvidia ( NVDA ) said late Monday that it is expanding its collaboration with BYD and other Chinese EV makers who are adopting its Drive Thor system, an in-vehicle computing platform designed for generative AI applications. The system can deliver feature-rich cockpit capabilities, plus...