N "> (Reuters)-Costco Wholesale Corp (cost.O) first quarter profits and analysts ' estimates, hurt by a rise in the cost of reported sales fell short.
Carrot's cave in stores ranging from sales, warehouse club operator in the coffin's shares fell about 3 percent before the Bell Wednesday.
"While Costco generally costs, has been cautious on the first quarter sales, general management, management (costs) are higher than we expected," Cowen and co analyst Faye Landes wrote in a note.
Operating expenses rose to $ 24.3 million 5.5%. Selling, General and administrative expenses rose 7.2 percent.
Profit $ 425 million, or 96 cents per share in the first quarter rose to $ 416 million, or over 11/24/95 cents per share a year earlier.
On average, analysts on Thomson Reuters I/B/E/s. the company to earn $ 1.02 per share, according to estimates
Sales increased 5 percent to $ 24.47, but with an average of Analyst estimates of $ 25.35 billion. the company announced quarterly sales last week.
Sales in stores open more than a year, lower gasoline prices and a strong dollar have risen 3 percent, including the impact. Analysts on average expect same-store sales rising 3.54 percent.
Same-store sales excluding fuel and forex, a 5% increase.
Wal-Mart Stores Inc (WMT competition-.Same store sales in the United States last month N), the third straight quarterly loss and predicted lower revenue than expected holiday quarter.
Costco, whose members are its large stores and websites, paying up to $ 110 per year to 461 in the United States and Puerto Rico, including 648 warehouse.
It's also Canada, Mexico, United Kingdom, Australia, Japan and other Asian countries.
Shares of the Issaquah, Washington-based company were down 1.4 percent at $ 118.25 before the Bell.
(See Cavle and Siddharth Bangalore; Peters Chris by Supriya Kurane and Saumyadeb Chakrabarty edit)
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