Costco Wholesale Tops Earnings Estimates. Sales Were a Tad Soft.

Costco Wholesale Tops Earnings Estimates. Sales Were a Tad Soft.·Barrons.com
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Costco Wholesale barreled through earnings estimates, but the stock dipped in after-hour trading Thursday as sales fell short of expectations. Shares of Costco fell 0.7% to $894.70 in after-hour trading Thursday. The muted reaction to the release suggests that investors aren’t sweating the revenue miss too much, and continue to have faith that the company’s recent sales momentum won’t fade soon.

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