Costco, Micron, and FedEx: Earnings news roundup
A collection of the top earnings snapshots of the week
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Costco Wholesale Corporation (COST) has submitted its 10-Q filing for the quarterly period ended November 24, 2024.
The filing includes financial statements for the quarter, showing an increase in net sales to $60,985 million from $56,717 million in the same quarter the previous year. The increase is attributed to higher comparable sales and the opening of 26 new warehouses.
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Accenture plc (ACN) has submitted its 10-Q filing for the quarterly period ended November 30, 2024.
The filing includes financial statements for the quarter, showing revenues of $17.7 billion, an increase of 9% in U.S. dollars and 8% in local currency compared to the same period last year. The increase was driven by growth across all geographic markets and industry groups.
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Micron Technology Inc. (MU) has submitted its 10-Q filing for the quarterly period ended November 28, 2024.
The filing reports total revenue of $8.709 billion for the quarter, an increase from $4.726 billion in the same quarter the previous year. The increase is attributed to higher sales of DRAM and NAND products.
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Synopsys Inc. (SNPS) has released its annual 10-K report filing for the fiscal year ended October 31, 2024.
The report details a 15% increase in revenue to $6.1 billion, driven by growth across all product lines and geographic regions. This includes a significant increase in both the Design Automation and Design IP segments.
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FedEx Corporation (FDX) has submitted its 10-Q filing for the quarterly period ended November 30, 2024.
The filing details a 1% decrease in revenue for the quarter to $21,967 million compared to $22,165 million in the same period the previous year. Operating income for the quarter was $1,052 million, down from $1,276 million in the prior year, attributed to lower demand for U.S. domestic package and freight services.