Costco Q4 Earnings: Revenue Miss, EPS Beat, Comps Climb 5.4%, Shares Slide
Portfolio Pulse from Adam Eckert
Costco reported Q4 earnings with revenue slightly missing estimates but EPS beating expectations. Comparable sales increased by 5.4%, and e-commerce sales surged by 18.9%. Despite these positive figures, shares fell 1.10% in after-hours trading.
September 26, 2024 | 8:52 pm
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Costco's Q4 earnings report showed a revenue miss but an EPS beat. Comparable sales grew by 5.4%, and e-commerce sales increased by 18.9%. Despite these positive results, shares fell 1.10% in after-hours trading.
Costco's revenue miss may have concerned investors despite the EPS beat and strong sales growth, leading to a 1.10% drop in after-hours trading. The market may have reacted to the revenue shortfall and potential concerns about future growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100