Investing.com - Costco (NASDAQ:COST) reported first quarter earnings that missed analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.61 on revenue of $35.07B. Analysts polled by Investing.com forecast EPS of $1.62 on revenue of $34.52B. That compared to EPS of $1.45 on revenue of $31.81B in the same period a year earlier. The company had reported EPS of $2.36 on revenue of $44.41B in the previous quarter.
For the year, Costco shares are up 21.7%, outperforming the Nasdaq which is up 1.91% year to date.
Costco follows other major Services sector earnings this month
On November 15, Walmart reported third quarter EPS of $1.08 on revenue of $124.9B, compared to forecasts of EPS of $1.01 on revenue of $125.42B.
Lowe’s earnings beat analyst's expectations on November 20, with third quarter EPS of $1.04 on revenue of $17.42B. Investing.com analysts expected EPS of $0.98 on revenue of $17.36B
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