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Costco’s Earnings Missed Expectations. The Stock Falls.
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Costco Wholesale stock fell Thursday after the discount retailer’s fiscal second-quarter earnings narrowly missed Wall Street’s expectations. The company reported earnings of $4.02 a share for the quarter that ended February, missing analyst estimates for $4.09 a share. Shares of Costco fell 1.4% to $1,013 in after-hour trading.
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