NewsBreak: Costco Falls on Mixed Q4 Results

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© Reuters. © Reuters. – Costco (NASDAQ:) fell 1% in postmarket trade after the company posted mixed fiscal fourth-quarter , missing analysts’ estimates on the bottom line.

  • Costco (NASDAQ:) reported earnings of $2.25, below the estimate consensus from of $2.54 a share, on revenue of about $47.5 billion, slightly above estimates of $47.48 billion.
  • Comparable sales for the fourth quarter were 5.1%., led by strong growth in the U.S. of 6.2%
  • This year’s fourth quarter was negatively impacted by a $123 million pre-tax reserve to selling, general and administrative expenses, Costco (NASDAQ:) said.
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