UPDATE: Costco Posts Lower FQ2 Profit
Costco Wholesale (NASDAQ: COST) reported a 15% drop in its fiscal second-quarter profit.
Costco's quarterly profit fell to $463 million, or $1.05 per share, versus a year-ago profit of $547 million, or $1.24 per share.
Its total revenue climbed 6% to $26.3 billion. However, analysts were estimating earnings of $1.17 per share on revenue of $26.65 billion.
Costco's total same-store sales surged 5% in the quarter.
Costco shares fell 0.19% to $116.25 in after-hours trading.
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