Shares of Costco (COST) are up $1.71, or 3%, at $57.69, after the company this morning beat fiscal Q3 revenue estimates by $100 million, reporting $17.78 billion, yielding profit per share of 68 cents, 2 cents higher than expected.
Sales rose 12.5% on a 10% increase in comparable-store sales, the company said. Comp-store sales overseas surged 26% during the quarter. Stripping out forex and gasoline increases, comp-store sales rose just 4%, company-wide.
The company did not offer a forecast, but will host a conference call with analysts at 11 am, Eastern.
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