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NewsBreak: Costco Falls on Mixed Q4 Results

Published 10/04/2019, 04:21 AM
Updated 10/04/2019, 04:50 AM
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Investing.com - Costco (NASDAQ:COST) fell 1% in postmarket trade after the company posted mixed fiscal fourth-quarter results, missing analysts' estimates on the bottom line.

  • Costco (NASDAQ:COST) reported earnings of $2.25, below the estimate consensus from Investing.com of $2.54 a share, on revenue of about $47.5 billion, slightly above estimates of $47.48 billion.

  • Comparable sales for the fourth quarter were 5.1%., led by strong growth in the U.S. of 6.2%

  • This year’s fourth quarter was negatively impacted by a $123 million pre-tax reserve to selling, general and administrative expenses, Costco (NASDAQ:COST) said.

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