EconomyEditor's PickNewsCostco Earnings, Revenue Beat in Q4

2 years ago234 min
imageStock Markets2 hours ago (Sep 24, 2020 04:17PM ET)

(C) Reuters. Costco Earnings, Revenue Beat in Q4

By Yasin Ebrahim – Costco reported on Thursday fiscal fourth-quarter results that beat analysts’ forecasts on both the top and bottom lines.

Costco Wholesale (NASDAQ:COST) shares lost 1.57% in after-hours trade following the report.

Costco announced earnings per share of $3.13 on revenue of $53.38B. Analysts polled by anticipated EPS of $2.83 on revenue of $52.04B.

“This year’s fourth quarter was negatively impacted by incremental expense related to COVID-19 premium wages and sanitation costs,” Costco said.

Costco shares are up 18% from the beginning of the year, still down 4.37% from its 52 week high of $362.90 set on September 3. They are under-performing the Nasdaq 100 which is up 24.77% from the start of the year.

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Costco Earnings, Revenue Beat in Q4

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