ISSAQUAH, Wash. (AP) _ Costco Wholesale Corp. (COST) on Thursday reported fiscal first-quarter profit of $1.32 billion.

On a per-share basis, the Issaquah, Washington-based company said it had net income of $2.98. Earnings, adjusted for non-recurring gains, came to $2.97 per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.59 per share.

The warehouse club operator posted revenue of $50.36 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $50.02 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COST at https://www.zacks.com/ap/COST

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