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Costco rolls out special dividend as Q1 results top estimates
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investing.comInvesting.com — Costco reported Thursday fiscal first-quarter results that topped Wall Street estimates and the discount retailer rolled out a special dividend to shareholders.
Costco Wholesale Corp (NASDAQ:COST) was up 0.5% in afterhours trading following the report.
Costco reported fiscal Q3 earnings of $3.58 per diluted share on revenue of $57.80 billion, beating analyst estimates for EPS of $3.40 and revenue of $57.73B.
Comparable sales in the quarter increased 3.9%, led by growth in U.S. and Canada, up 2.6% and 8,2% respectively, while international was up 7.1% in the quarter.
The company declared a special dividend of $15 per share, payable Jan. 13 to shareholders of record as of Dec. 28.
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