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Costco Reports Mixed Q4 Earnings, E-Commerce Sales Up 19.8%

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Costco Reports Mixed Q4 Earnings, E-Commerce Sales Up 19.8%

Costco Wholesale Corporation (NASDAQ: 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

Posted-In: Earnings News Top Stories After-Hours Center Best of Benzinga

 

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