Why Last Week's Costco Earnings Have Me Excited
Costco (NASDAQ: COST) reported earnings last week that caused the stock to dip around 3%. Overall, I think the stock is still a buy, with a few main factors going into that stance.
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Costco posted net sales of $84.43 billion for the 16‑week quarter (up 8% year over year) and total revenue of $86.16 billion (which includes membership fees). Net income came in at $2.61 billion, or $5.87 in earnings per diluted share, against $2.35 billion and $5.29 per share last year. Earnings per share beat expectations of $5.80 per share, and top‐line growth slightly outpaced expectations with revenue of $86.16 billion against estimates of $86.06 billion.
Source Fool.com
