Investing.com - Costco (NASDAQ:COST) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Costco announced earnings per share of $3.13 on revenue of $53.38B. Analysts polled by Investing.com anticipated EPS of $2.83 on revenue of $52.04B.
Costco shares are up 18% from the beginning of the year and are trading at $341.60 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 24.77% from the start of the year.
Costco shares lost 1.57% in after-hours trade the report.
Costco follows other major Services sector earnings this month
Costco's report follows an earnings beat by Dollar General on August 27, who reported EPS of $3.12 on revenue of $8.68B, compared to forecasts EPS of $2.47 on revenue of $8.36B.
Lululemon Athletica had beat expectations on September 8 with second quarter EPS of $0.74 on revenue of $902.94M, compared to forecast for EPS of $0.56 on revenue of $844.48M.
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