Costco Predicts Lower Earnings

Thu., May 25, 2000

From Staff

Costco Wholesale Corp., the No. 1 U.S. wholesale operator, said it expects fourth-quarter earnings to be lower than expected after missing third-quarter Wall Street estimates by a penny, prompting several analysts to revise their profit forecasts.

The Issaquah, Wash.-based company also said it expects fourth-quarter earnings to be 1 cents to 2 cents lower than analysts’ current consensus estimate of 45 cents per share according to First Call Corp. Costco gave no reason for the profit weakness.

Costco shares were down $8.75 to close at $31.86 on the Nasdaq Stock Market.

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Costco Predicts Lower Earnings

Jesse Tinsley

Jim Meehan

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