YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Costco on Thursday missed Wall Street’s revenue expectations for its holiday quarter, despite reporting year-over-year sales growth and strong e-commerce gains.
Shares of the retailer fell about 4% in aftermarket trading. The company’s stock had hit a 52-week high earlier in the day.
In the three-month period that ended Feb. 18, Costco’s net income rose to $1.74 billion, or $3.92 per share, compared with $1.47 billion, or $3.30 per share, a year earlier.
Costco’s revenue for the quarter increased from $55.27 billion in the year-ago period.
Read more at CNBC.com.
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