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NASDAQ Morning Mover: Costco (NASDAQ:COST) Moves on Earnings News
Category: Investment
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Visit this company: Costco Wholesale Corporation
New York, New York - October 10, 2012 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector for independent investors reports on trading and news for Costco Wholesale Corporation (NASDAQ:COST), trading up $103.61, gaining $ 3.97 or 3.98% as of 10:07AM EDT. The stock had a morning high of $104.09 following better than a better than expected earnings report.
The Company reported fourth quarter results this morning. Net sales for the 17-week fourth quarter were $31.52 billion, an increase of 14 percent from $27.59 billion in the 16-week fourth quarter of fiscal 2011 ended August 28, 2011. Net sales for the 53-week fiscal year 2012 were $97.06 billion, an increase of 12 percent from $87.05 billion in the prior 52-week fiscal year.
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