Investing.com - Costco (NASDAQ:COST) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Costco announced earnings per share of $2.92 on revenue of $51.9B. Analysts polled by Investing.com anticipated EPS of $2.75 on revenue of $51.35B.
Costco shares are down 6% from the beginning of the year, still down 6.73% from its 52 week high of $571.49 set on December 29, 2021. They are outperforming the S&P 500 which is down 8.45% from the start of the year.
Costco shares gained 0.88% in after-hours trade following the report.
Costco follows other major Consumer Staples sector earnings this month
Costco's report follows an earnings beat by Walmart on February 17, who reported EPS of $1.53 on revenue of $152.87B, compared to forecasts EPS of $1.5 on revenue of $151.72B.
Coca-Cola had beat expectations on February 10 with fourth quarter EPS of $0.45 on revenue of $9.47B, compared to forecast for EPS of $0.4118 on revenue of $8.99B.
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