Costco Reports Mixed Q2 Earnings: Profits Fall Short, Revenue Surges

Reported about 3 hours ago

Costco's latest earnings report shows a decline in second quarter profits, missing analysts' expectations with $4.02 EPS instead of the anticipated $4.11. However, the retailer exceeded revenue forecasts, generating $63.72 billion against the expected $63.01 billion, resulting in a slight drop in share prices during after-hours trading.

Source: YAHOO

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