Costco Rallies Despite Missing Q1 Sales Estimates

Shares of Costco (NASDAQ: COST) rose 2% on Thursday after the retail giant reported mixed fiscal first-quarter 2017 earnings after the bell Wednesday. Revenue rose 3% annually to $27.47 billion, but missed expectations by $830 million. Diluted earnings, however, were up 14% to $1.24 per share, beating expectations by $0.05 a share. …read more

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Category: COST

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