Investing.com - Costco (NASDAQ:COST) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Costco announced earnings per share of $2.55 on revenue of $44.77B. Analysts polled by Investing.com anticipated EPS of $2.44 on revenue of $43.72B.
Costco shares are down 15% from the beginning of the year and are trading at $316.00 , down-from-52-week-high.They are under-performing the Nasdaq which is down 1.28% from the start of the year.
Costco shares lost 1.09% in after-hours trade following the report.
Costco follows other major Services sector earnings this month
Costco's report follows an earnings missed by Walmart on Thursday, February 18, 2021, who reported EPS of $1.39 on revenue of $152.08B, compared to forecasts EPS of $1.51 on revenue of $148.49B.
Walt Disney had beat expectations on Thursday, February 11, 2021 with first quarter EPS of $0.32 on revenue of $16.25B, compared to forecast for EPS of $-0.3551 on revenue of $15.89B.
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