Investors Pick Up Costco amid Stronger Profit

Shares of the warehouse operator rise after it reports an earnings surprise and plans charges related to accounting of options

Costco Wholesale Corporation (COST) on Dec. 14 reported stronger profit during the recent quarter as it sold more to customers. The warehouse operator also estimated a charge it plans to take related to its accounting of stock options. Costco's stock rose 1.6% to $53.98 on the Nasdaq.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.