RTTNews | Dec 9, 2021 04:30PM EST

16:30 Thursday, December 9, 2021 (RTTNews.com) - Costco Wholesale Corporation (COST) announced a profit for its first quarter that increased from the same period last year

The company's earnings totaled $1.32 billion, or $2.98 per share. This compares with $1.17 billion, or $2.62 per share, in last year's first quarter.

The company's revenue for the quarter rose 16.5% to $50.36 billion from $43.21 billion last year.

Costco Wholesale Corporation earnings at a glance:

-Earnings (Q1): $1.32 Bln. vs. $1.17 Bln. last year.-EPS (Q1): $2.98 vs. $2.62 last year.-Revenue (Q1): $50.36 Bln vs. $43.21 Bln last year.

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