Costco Wholesale Corporation, (COST): Founded in 1976, based in Issaquah, Washington, Costco operates members only warehouses that offer a selection of branded and private labeled products.
Market is expecting a profit of 60 cents a share for the quarter ended November 2009, drop of 5 cents a share compared to its actual profit of 65 cents a share it posted in the same quarter a year ago. The company posted a profit of 55 cents a share in the quarter ended February 2009, a profit of 52 cents a share in the quarter ended May 2009 and a profit of 85 cents a share in the quarter ended August 2009.
Currently it is trading at about $59.19 just under its 52 week high of $61.25 with an average volume of about 4 million shares per trading day. COST is in my BUY watch list for short term trading. Watch for earnings on Thursday December 10, 2009 before market open.
