Costco profits rise, but stock falls in early trading
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ISSAQUAH, Wash. -- Discount retailing giant Costco Wholesale Corp. said Thursday that profits grew 21 percent in its fiscal first quarter, thanks to higher sales and more revenue from membership fees.
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Costco Wholesale Corp.  posted a 10 percent rise in quarterly profit on Thursday, but said it would take a $70 million charge in the second quarter related to company stock options.
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Amazon.com Inc. AMZN.O on  Thursday posted a higher quarterly profit on strong  international sales but its stock fell more than 4 percent as  the results from the online retailer failed to top Wall Street  expectations.
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Costco Wholesale Corp.  on  Thursday said November sales rose 5 percent at stores open at  least a year, shy of Wall Street expectations, held back by  falling prices for gasoline sold at its filling stations.
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Warehouse retailer Costco Wholesale Corp. said Thursday its fiscal third-quarter profit declined 4.9 percent due to a charge, but sales advanced at a double-digit pace.
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The S&P 500 stock index touched a six-year high on Thursday as higher-than-expected earnings from investment bank Bear Stearns Co. Inc. , retailer Costco Wholesale Corp.  and other companies improved the outlook for steady profit growth.
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Issaquah-based Costco Wholesale Corp. reported better-than-expected financial results on a number of fronts Thursday, and was rewarded by investors who bid up its shares by more than 4 percent.
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Amazon.com Inc AMZN.O on  Thursday posted a higher quarterly profit but its stock fell  more than 4 percent as the online retailer's results failed to  top Wall Street expectations.
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Costco Wholesale Corp. , the largest U.S. warehouse club, posted a 21 percent increase in quarterly profit on Thursday.
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Net profits for Costco Wholesale Corp. surged by 24 percent in its most recent quarter the company reported yesterday, boosted by changes in worker compensation rules in California.
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Costco Wholesale Corp. COST.O, the  largest U.S. warehouse club, posted a 21 percent increase in  quarterly profit on Thursday.
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U.S. stocks opened higher on Thursday,  helped by companies such as Wal-Mart Stores Inc. WMT.N and  Costco Wholesale Corp.COST.O  as a slew of retailers reported  holiday sales data, although weekly jobless data caused some  concern.
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Despite recent price wars, Costco's first quarter pleased investors.
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Warehouse retailer Costco Wholesale Corp. said Thursday its fiscal first-quarter profit climbed 11 percent partly on solid membership fee growth to meet Wall Street's expectations.
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But shares fall in after-hours trading even though the company reports a sharply higher 2Q profit. TORONTO  - Research In Motion Ltd.
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U.S. stock futures rose on Thursday, suggesting stocks could extend gains from the previous session, as retailers including Costco Wholesale Corp.  and Limited Brands Inc.  posted higher November sales.
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By Bruce V. Bigelow, The San Diego Union-Tribune  Dec. 14--Posting financial results for the first time since its initial  public stock offering, San Diego's SAIC said yesterday that profits grew  almost 8 percent for the three months that ended in October.