Costco drops after the close; Co. beat quarterly profit, sales estimates
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Costco (NASDAQ:COST) dropped 1.3% after the close on Tuesday as the company reported higher-than-expected profit and sales for the fourth quarter.
EPS of $4.86 compared to the estimate of $4.78, while revenue of $78.94B beat the average analyst estimate of $77.72B.
Fourth quarter comparable sales including gasoline and currency rose 1.1% compared to the estimated 1.87%, while comparable sales outside of gas and FX increased 3.1% versus the expected 3.29%.
The company has 20 Strong Buy ratings from Wall Street analysts, six Buys, nine Holds and two Sells.
Shares of COST are up 22% year-to-date.

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