Investing.com – Costco (NASDAQ:) reported on Thursday second quarter that beat analysts’ forecasts and revenue that topped expectations.
Costco announced earnings per share of $2.55 on revenue of $44.77B. Analysts polled by Investing.com anticipated EPS of $2.44 on revenue of $43.72B.
Costco shares are down 15% from the beginning of the year, still down 18.74% from its 52 week high of $393.15 set on November 30, 2020. They are under-performing the Nasdaq which is down 1.28% from the start of the year.
Costco shares lost 1.09% in after-hours trade following the report.
Costco follows other major Services sector earnings this month
Costco’s report follows an earnings missed by Walmart on February 18, who reported EPS of $1.39 on revenue of $152.08B, compared to forecasts EPS of $1.51 on revenue of $148.49B.
Walt Disney had beat expectations on February 11 with first quarter EPS of $0.32 on revenue of $16.25B, compared to forecast for EPS of $-0.3551 on revenue of $15.89B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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