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 Thursday, February 13, 2020, 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 Tuesday, February 18, 2020 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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