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 $2.1 on revenue of $39.07B. Analysts polled by Investing.com anticipated EPS of $2.07 on revenue of $38.23B. That with comparison to EPS of $2.01 on revenue of $35.4B in the same period a year before.Costco had reported EPS of $1.73 on revenue of $37.04B in the previous quarter.Analysts are expecting EPS of $2 and revenue of $37.32B in the upcoming quarter.
Costco shares are up 7.37% from the beginning of the year and are trading at $320.25 , down-from-52-week-high.They are outperforming the Nasdaq which is down 3.33% year to date.
Costco shares gained 1.48% in after-hours trade the report.
Costco follows other major Services sector earnings this month
Costco's report follows an earnings beat by Alibaba ADR on February 13, who reported EPS of $18.19 on revenue of $161.46B, compared to forecasts EPS of $15.91 on revenue of $159.7B.
Walmart had missed expectations on February 18 with fourth quarter EPS of $1.38 on revenue of $141.7B, compared to forecast for EPS of $1.44 on revenue of $142.54B.
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