Costco Wholesale (COST) PT Lowered to $538 at Truist Securities
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Costco (COST) misses earnings estimates, shares start Friday lower
December 9, 2022 10:43 AM ESTCostco (NASDAQ: COST) dipped early Friday on the back of its fiscal first-quarter earnings release that missed analysts' estimates.
The big box retailer posted earnings of $3.07 per share, $0.05 worse than the analyst estimate of $3.12, with revenue for the quarter coming in at $54.4 billion below the consensus estimate of $54.79 billion.
Net sales for the first quarter increased by 8.1%, but adjusted e-commerce sales dipped by 2%.
Following the report, Deutsche... More
