What's Going On With Costco Shares Friday?

Benzinga · 09/27 15:59

Costco Wholesale Corporation (NASDAQ:COST) stock is moving lower on Friday following a Q4 revenue miss.

After the close on Thursday, Costco reported quarterly net sales of $79.69 billion, growing 1% year over year, but missing analyst estimates of $79.97 billion. EPS of $5.29 beat consensus estimates of $5.08.

Comparable sales grew across the board. The company reported a 5.3% increase in U.S. sales, a 5.5% rise in Canadian sales and a 5.7% growth in other international sales.

Analyst Changes: Following the earnings report, several analysts issued price target adjustments.

Related Link: Fed’s Preferred Inflation Gauge Comes In Below Expectations For August, Easing Concerns About Rising Prices

COST Price Action: At the time of publication, Costco shares are trading 1.85% lower at $884.73 per data from Benzinga Pro.

Image: Photo via Flickr/ Open Grid Scheduler/ Grid Engine