Earnings

Costco (COST) Q2 2024 earnings

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Mandel Ngan | Afp | Getty Images

Costco on Thursday missed Wall Street’s revenue expectations for its holiday quarter, despite reporting year-over-year sales growth and strong e-commerce gains.

Shares of the retailer fell about 4% in aftermarket trading. The retailer’s stock had hit a 52-week high earlier in the day.

Here’s what the retailer reported for its fiscal second quarter of 2024 compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:

  • Earnings per share: $3.92 vs. $3.62 expected
  • Revenue: $58.44 billion vs. $59.16 billion expected

In the three-month period that ended Feb. 18, Costco’s net income rose to $1.74 billion, or $3.92…



Source cnbc.com

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