Costco Earnings, Revenue Beat in Q4 By Investing.com
© Reuters. Costco Earnings, Revenue Beat in Q4
Investing.com – Costco (NASDAQ:) reported on Thursday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.
Costco announced earnings per share of $3.9 on revenue of $62.68B. Analysts polled by Investing.com anticipated EPS of $3.56 on revenue of $61.4B.
Costco shares are up 20% from the beginning of the year, still down 3.70% from its 52 week high of $469.77 set on September 9. They are outperforming the Nasdaq which is up 16.79% from the start of the year.
Costco shares lost 0.76% in after-hours trade following the report.
Costco follows other major Services sector earnings this month
Costco’s report follows an earnings beat by Lululemon Athletica on September 8, who reported EPS of $1.65 on revenue of $1.45B, compared to forecasts EPS of $1.19 on revenue of $1.33B.
Dollar General had beat expectations on August 26 with second quarter EPS of $2.69 on revenue of $8.65B, compared to forecast for EPS of $2.62 on revenue of $8.61B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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