Posted 3/8/2024, 6:04:34 AM
Costco Q2 Earnings Beat Estimates But Revenue Misses as Analysts Remain Cautious Despite Stock Rally
- Costco reported mixed Q2 results - revenues missed estimates while earnings beat
- Total revenue was $58.44B, up 5.7% YoY but below analyst estimates
- Earnings of $3.92 per share, up 18.8% YoY and exceeded expectations
- Oppenheimer analyst had foreseen a stock price drop due to special dividend payment
- Despite 19% YTD stock gain, analysts cautious given recent rally with 6.5% downside