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What Costco's Mixed Earnings Report Means for Stock Valuation

Costco (COST) shares are falling after the retailer posted a mixed fourth-quarter earnings report. Revenue was $79.70 billion, slightly below the expected $79.96 billion. Meanwhile, U.S. comparable sales, excluding gasoline and currency influences, were better than analysts expected. Bill Kirk, senior research analyst at Roth Capital Partners, joins Morning Brief to discuss the earnings report […]

Costco results: lost sales, inventory levels

Costco (COST) reported mixed fiscal fourth-quarter results Thursday after the market closed. The wholesale giant's earnings per share beat estimates, coming in at $5.29, compared with Bloomberg consensus estimates of $5.07. However, the company reported a slight decline in revenue of $79.7 billion compared to expectations of $79.96 billion. “It's clear that quality and value […]

Costco results: lost sales, inventory levels

Costco (COST) reported mixed fiscal fourth-quarter results Thursday after the market closed. The wholesale giant's earnings per share beat estimates, coming in at $5.29, compared with Bloomberg consensus estimates of $5.07. However, the company reported a slight decline in revenue of $79.7 billion compared to expectations of $79.96 billion. “It's clear that quality and value […]