Costco is set to take off now that it has switched to Visa as its primary credit card provider, said TheStreet’s Jim Cramer. The warehouse giant reported Wednesday evening that earnings rose 6% from the prior year to $1.24 a share for the third fiscal quarter ended May 8. Wall Street had anticipated earnings of $1.22 a share. Total revenue rose 2.7% year over year to $26.8 billion, narrowly missing forecasts for $27.1 billion. Excluding the impact of gas price deflation and the strong U.S. dollar, Costco’s third-quarter same-store sales rose 3%.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
