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Costco Stock Faces Volatility After Mixed Earnings Report
Costco Stock Faces Volatility After Mixed Earnings Report
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BTCCSquare news:
Costco Wholesale (COST) investors brace for a turbulent trading session following a fourth-quarter earnings report that delivered both beats and misses. The retailer posted $5.87 per share in earnings, surpassing estimates by $0.07, while revenue fell $1.66 billion short of expectations at $84.4 billion. Full-year sales climbed 8.1% to $269.9 billion, underscoring the wholesaler's entrenched market position.
Two product safety recalls—including a private-label Prosecco wine—introduce headwinds despite operational growth. Costco now operates 914 warehouses globally, with 629 locations in the U.S. The stock dipped 0.21% during Thursday's session before declining another 0.86% after hours.
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