UPDATE: Costco Posts Lower FQ2 Profit

Costco Wholesale 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.