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Costco stock set for worst one-day decline in 10 years after sales miss, but analysts are unfazed
Costco Wholesale Corp. shares fell Friday and were the second-biggest S&P 500 decliner, after the company reported weaker-than-expected sales for its fiscal first quarter.
The stock COST, was last down 8.5%, putting it on track for its worst one-day percentage decline since October 2008, according to FactSet data.
The Issaquah, Wash.-based company said late Thursday it had net income of $767 million, or $1.73 a share, in the quarter to Nov. 25, up from $640 million, or $1.45 a share, in the year-earlier quarter. Sales rose 10.3% to $34.31 billion. The FactSet-compiled broker consensus was for EPS of $1.65 and revenue of $35.078 billion.
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https://www.marketwatch.com/story/costco...yptr=yahoo
![[Bild: COSTc1dl1435.png]](https://finviz.com/publish/121418/COSTc1dl1435.png)
Costco Wholesale Corp. shares fell Friday and were the second-biggest S&P 500 decliner, after the company reported weaker-than-expected sales for its fiscal first quarter.
The stock COST, was last down 8.5%, putting it on track for its worst one-day percentage decline since October 2008, according to FactSet data.
The Issaquah, Wash.-based company said late Thursday it had net income of $767 million, or $1.73 a share, in the quarter to Nov. 25, up from $640 million, or $1.45 a share, in the year-earlier quarter. Sales rose 10.3% to $34.31 billion. The FactSet-compiled broker consensus was for EPS of $1.65 and revenue of $35.078 billion.
...
https://www.marketwatch.com/story/costco...yptr=yahoo
