We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Costco Wholesale Corporation (COST - Free Report) just released its second quarter fiscal 2018 financial results, posting adjusted earnings of $1.42 per share and revenues of $32.28 billion. Currently, Costco is a Zacks Rank #3 (Hold) and is down nearly 1% to $185.60 per share in after-hours trading shortly after its earnings report was released.
COST:
Missed earnings estimates. The company posted adjusted earnings of $1.42 per share, falling short of the Zacks Consensus Estimate of $1.45 per share.
Missed revenue estimates. The company saw revenue figures of $32.28 billion, missed our consensus estimate of $32.72 billion.
Costco revenues jumped 10.8% from $29.13 billion in the year-ago period. On top of that, the big-box giant noted that its same-store U.S. sales jumped by 7.1%, while e-commerce sales climbed by 28.5%.
The new Republican tax law positively impacted the company’s non-adjusted earnings per share by $0.17.
Here’s a graph that looks at COST’s Price, Consensus and EPS Surprise history:
Costco Wholesale Corporation Price, Consensus and EPS Surprise
Costco Wholesale Corporation operates an international chain of membership warehouses, mainly under the Costco Wholesale name, that carry quality, brand name merchandise at substantially lower prices than are typically found at conventional wholesale or retail sources.
Check back later for our full analysis on COST’s earnings report!
Breaking News: Cryptocurrencies Now Bigger than Visa
The total market cap of all cryptos recently surpassed $700 billion – more than a 3,800% increase in the previous 12 months. They’re now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.
Zacks’ has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.
Image: Bigstock
Costco (COST) Misses Q2 Earnings & Revenue Projections
Costco Wholesale Corporation (COST - Free Report) just released its second quarter fiscal 2018 financial results, posting adjusted earnings of $1.42 per share and revenues of $32.28 billion. Currently, Costco is a Zacks Rank #3 (Hold) and is down nearly 1% to $185.60 per share in after-hours trading shortly after its earnings report was released.
COST:
Missed earnings estimates. The company posted adjusted earnings of $1.42 per share, falling short of the Zacks Consensus Estimate of $1.45 per share.
Missed revenue estimates. The company saw revenue figures of $32.28 billion, missed our consensus estimate of $32.72 billion.
Costco revenues jumped 10.8% from $29.13 billion in the year-ago period. On top of that, the big-box giant noted that its same-store U.S. sales jumped by 7.1%, while e-commerce sales climbed by 28.5%.
The new Republican tax law positively impacted the company’s non-adjusted earnings per share by $0.17.
Here’s a graph that looks at COST’s Price, Consensus and EPS Surprise history:
Costco Wholesale Corporation Price, Consensus and EPS Surprise
Costco Wholesale Corporation Price, Consensus and EPS Surprise | Costco Wholesale Corporation Quote
Costco Wholesale Corporation operates an international chain of membership warehouses, mainly under the Costco Wholesale name, that carry quality, brand name merchandise at substantially lower prices than are typically found at conventional wholesale or retail sources.
Check back later for our full analysis on COST’s earnings report!
Breaking News: Cryptocurrencies Now Bigger than Visa
The total market cap of all cryptos recently surpassed $700 billion – more than a 3,800% increase in the previous 12 months. They’re now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.
Zacks’ has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.
Click here to access these stocks. >>