Costco Shares Down Following Mixed Earnings Results
Costco shares were down by 2% after the market's close on Thursday night after the company released its fiscal second-quarter earnings results. The big box retailer's earnings results appeared mostly mixed, however, most metrics beat expectations.
Revenue for the period was $55.27 billion, narrowly missing...
Costco Quarterly Results Miss Targets Amid Falling Consumer Spending
Costco Wholesale Corp released its first-quarter results on Thursday, showing that the big box store failed to meet analysts' estimates as consumers continue to cut spending amid continued inflation.
Total revenue for the quarter was $54.44 billion, narrowly missing analysts' estimates of $54.64 billion. This...
Costco Stocks Sold En Masse Ahead Of Quarterly Earnings Report
Costco's stock has been placed under mounting pressure as it attempts to remain stable at the 500 level. This comes as the retail giant is set to release its quarterly earnings report on Thursday.
While the stock has been largely sold off by investors, Costco...
Deutsche Bank Upgrades Costco Stock to “Buy”
Although retailers might not seem like the best bet in times of the slow economy, Deutsche Bank believes wholesale retailer Costco is well positioned to weather the challenges ahead. This is reflected in a note to clients recently sent by analyst Krisztina Katai, which...