Costco (COST) is out with bulked-up earnings. The company says its earnings jumped 39% in the last quarter. They also beat estimates. beat estimates in ket trading. Costco beat estimates and says its earnings jumped 39-percent. Excluding a tax benefit from a special cash dividend, Costco earned $1.10 a share. That beat the average estimate from analysts by 4-cents. Much of Costco's increase comes from a 15% jump in membership fees. Costco has also seen more people flocking to its stores as fuel prices rise.
Next we look at Yum (YUM) brands, which has had a tough time of it lately, but has been up more than 6%. Yum reported a 2% rise in same-store-sales throughout China in February. Expectations had been for a decline of almost 9%. Yum doesn't usually report monthly sales, but wants to signal that it's started a turnaround. The company has been near the bottom of its trading range since December when a chemical residue was found in part of its chicken supply in China.
The maker of the Roomba is cleaning-up this morning. Shares of iRobot (IRBT) have been up more than 10%. The company says it expects to post Q-1 earnings of 16 to 20-cents a share, beating current estimates. iRobot shares hit their 52-week high just about a year ago, but they've recently been on track to get back up there. By the way, iRobot may be best known for its crawling vacuum cleaners, but the company makes a variety of robots, many of which are used by police departments.
Craft Brew Alliance (BREW) has been up in premarket trading. The company is set to report its earnings after the closing bell. Craft Alliance is a company that clearly wants to hook you. It's brands include Redhook, Widmer Brothers, Kona and Omission brewing. The company reached its 52-week high back in the middle of last year's barbecue and beach season. Its segment of the beer market is small but craft beers remain increasingly popular.