Why Costco (COST) Stock Traded Flat On Friday
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Costco stock dropped 1.5% on Friday morning but closed nearly flat after a mixed quarterly report. The company beat earnings estimates with GAAP EPS of $4.34 versus $4.26 consensus, but revenue of $67.31 billion missed the $67.33 billion consensus. Analysts cited the tiny revenue miss and potential margin pressure as reasons for profit-taking. Membership fees rose to $1.33 billion, and U.S. comparable sales were up 5.9%. Costco shares are down about 4% over the past month. Investors are watching holiday sales and management commentary for forward guidance.
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