Costco Stock Brushes Off Bull Notes After Profit Miss
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Costco Wholesale Corp (NASDAQ:COST) stock fell 4.9% after the company reported lower-than-expected profits for the second quarter, attributed to rising merchandising costs.
March 07, 2025 | 3:30 pm
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Costco's stock declined by 4.9% following a profit miss in Q2, driven by increased merchandising costs.
The stock price drop is directly linked to the earnings report, which showed profits below expectations due to higher merchandising costs. This is a significant factor for investors, as it impacts the company's profitability.
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