5 Stocks Under Investors’ Radar After Releasing their Earnings Reports

2. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 54

Shares of Costco Wholesale Corporation (NASDAQ:COST) hit a new 52-week high of $468.72 on Friday, 24 September 2021, after announcing record revenue for its fiscal fourth quarter. The company posted revenue of $61.44 billion for the three months ended 29 August 2021, up 17.5 percent from $53.38 billion in the year-ago quarter.

In addition, Costco Wholesale Corporation (NASDAQ:COST) reported earnings of $3.76 per share, compared to $3.51 per share in the comparable period of 2020. The results exceeded the consensus forecast of $3.58 per share for earnings and $61.41 billion for revenue.

Follow Costco Wholesale Corp W (NASDAQ:COST)

Speaking on the results, CFO Richard Galanti said Costco is once again putting limits on purchases of certain products to ensure the availability of essential items, such as toilet paper and bottled water, across its stores. The latest announcement came amid resurgences in Covid-19 cases that could lead people to buy essential items in bulk, as they did last year.