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Costco (COST) Misses Q2 Earnings & Revenue Projections

Costco Wholesale Corporation COST just released its second quarter fiscal 2018 financial results, posting adjusted earnings of $1.42 per share and revenues of $32.28 billion. Currently, Costco is a Zacks Rank #3 (Hold) and is down nearly 1% to $185.60 per share in after-hours trading shortly after its earnings report was released.

COST:

Missed earnings estimates . The company posted adjusted earnings of $1.42 per share, falling short of the Zacks Consensus Estimate of $1.45 per share.

Missed revenue estimates . The company saw revenue figures of $32.28 billion, missed our consensus estimate of $32.72 billion.

Costco revenues jumped 10.8% from $29.13 billion in the year-ago period. On top of that, the big-box giant noted that its same-store U.S. sales jumped by 7.1%, while e-commerce sales climbed by 28.5%.

The new Republican tax law positively impacted the company's non-adjusted earnings per share by $0.17.

Here's a graph that looks at COST's Price, Consensus and EPS Surprise history:

Costco Wholesale Corporation Price, Consensus and EPS Surprise

Costco Wholesale Corporation Price, Consensus and EPS Surprise | Costco Wholesale Corporation Quote

Costco Wholesale Corporation operates an international chain of membership warehouses, mainly under the Costco Wholesale name, that carry quality, brand name merchandise at substantially lower prices than are typically found at conventional wholesale or retail sources.

Check back later for our full analysis on COST's earnings report!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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