Costco Trending Lower After Earnings (COST)

Costco (NASDAQ: COST) reported their quarterly earnings today before the opening bell. The company posted net income of $299 million, or $0.67 per share, compared to $239 million or $0.55 per share in the prior year quarter. Analysts had been anticipating the company would report EPS of $0.72.

Revenues came in at $18.74 billion from $16.84 billion in the year ago period. Consensus analysts' estimates were pegged at $18.53 billion. During the current trading session, COST shares have lost 1.06% and are currently trading at $60.76.