Costco Wholesale Corporation COST shares are down after posting a fourth-quarter sales miss.
Adjusted earnings came in at $2.69, beating estimates by 15 cents. Sales came in at $46.45 billion, missing estimates by $1.16 billion.
Highlights
- Net income was $1.097 billion
- Comps were up 5.1%
- E-commerce sales grew 19.8%
Costco shares are down 1.5% in Thursday's after-hours session. The stock closed higher by 1.36% at $289 per share.
The options market is implying a move of 5% in either direction for Costco's stock, which Dan Nathan said is basically the average move over the last four quarters.
Related Links:
Dan Nathan Sees Unusual Options Activity In Costco Ahead Of Earnings
Costco Defenders Come Out After Stock Downgrade
Photo credit: Mike Mozart, Flickr
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.