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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 […]