According to CNBC, Costco Wholesale reported better-than-expected fiscal fourth-quarter results, but membership trends remained a key focus as the retailer's growth outlook stayed under scrutiny. Revenue rose 11.1% to $95.72 billion, adjusted earnings per share increased 15% to $6.75, and membership fee income climbed 7.3% to $1.85 billion, while paid memberships reached 84.1 million and executive memberships hit a record 42.3 million. Worldwide renewal rates improved to 89.8% from 89.7% in the prior three quarters, and the U.S./Canada rate rose to 92.3% from 92.2%. The stock was little changed in extended trading after ending the regular session at $896.48, and the note reiterated a hold-equivalent 2 rating while cutting the price target to $1,050 from $1,100.