Costco: revenues, profits beat forecasts in Q4

Costco: revenues, profits beat forecasts in Q4

Costco: revenues, profits beat forecasts in Q4

Costco released a report on Thursday with fourth-quarter results that beat analysts. Revenue was above forecasts.

The company posted earnings per share of $ 3.13 and earnings of $ 53.38B. Analysts polled by Investing.com had forecast earnings per share of $ 2.83 and total revenue of $ 52.04B

Costco shares lost 1.57% traded at $ 341.60 in the post-market close, according to the report.

Costco, up 18% this year, performed worse than the Nasdaq 100 average, rising 24% YTD.

Costco follows the general trend of companies in the Services sector this month

On August 27, Dollar General posted a second quarterly report of $ 3.12, profit of $ 8.68B, compared with EPS forecasts of $ 2.47 on total earnings of $ 8.36B

Lululemon Athletica's earnings beat analysts' expectations on September 8 in the second quarter, with $ 0.74 quarterly EPS on $ 902.94 total profit Investing.com analysts had previously predicted $ 0.56 EPS on $ 844.48 total earnings $

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