Costco Earnings Beat, Revenue Misses In Q2

imageStock Markets2 hours ago (May 16, 2020 04:11AM ET)

(C) Reuters. Costco Earnings Beat, Revenue Misses In Q2 – Costco (NASDAQ:COST) reported on Thursday second quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.

Costco announced earnings per share of $1.99 on revenue of $36.79B. Analysts polled by anticipated EPS of $1.94 on revenue of $37.06B. That with comparison to EPS of $1.89 on revenue of $34.74B in the same period a year before. Costco had reported EPS of $2.1 on revenue of $39.07B in the previous quarter. Analysts are expecting EPS of $2.78 and revenue of $50.43B in the upcoming quarter.

Costco shares are up 1% from the beginning of the year , still down 8.01% from its 52 week high of $325.26 set on February 21. They are outperforming the Nasdaq which is down 0.28% year to date.

Costco’s report follows an earnings missed by on April 30, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.

Visa A had beat expectations on April 30 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.

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Costco Earnings Beat, Revenue Misses In Q2

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