Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- EPS $1.24 vs $1.22 Est, up 6 percent YoY
- Sales $26.15B vs $27.07B Est, up 2 percent Yoy
- Same-store sales flat in the US, up 1 percent in Canada and down 2 percent in the rest of the world
- Excluding gasoline, US same-store sales were up 3 percent
- No guidance was published
What This Means for the Company
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Some market watchers were looking for a strong report from Costco Wholesale Corporation (NASDAQ: COST) as evidence that discount retailers are able to buck the recent trend of slumping retail results. This quarter’s earnings beat ends a two-quarter streak of missed estimates for both earnings and revenue.
What This Means for the Investor
Costco shares were at $149 premarket, up 3 percent. Yesterday, prior to its earnings release, the company was mentioned favorably by Nomura analysts, who maintained a Buy rating and a price target of $185.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.