Costco Wholesale Q2 Total Revenue $58.442B Miss $59.156B Estimate
Portfolio Pulse from Benzinga Newsdesk
Costco Wholesale (NASDAQ:COST) reported Q2 earnings of $3.920 per share, beating estimates by 8.59%, but missed revenue estimates with $58.442B against the expected $59.156B, marking a 5.75% increase from last year.
March 07, 2024 | 9:16 pm
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Costco reported higher-than-expected Q2 earnings per share but missed revenue forecasts, with a 5.75% increase in sales from the previous year.
While Costco's earnings per share exceeded expectations, the miss on revenue forecasts could temper investor enthusiasm. The increase in year-over-year sales indicates growth, but the failure to meet revenue estimates may lead to mixed short-term sentiment among investors.
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