Costco Earnings, Revenue beat in Q2

© Reuters. Costco Earnings, Revenue beat in Q2 – Costco (NASDAQ:) reported on Thursday second quarter that beat analysts’ forecasts and revenue that topped expectations.

Costco announced earnings per share of $2.55 on revenue of $44.77B. Analysts polled by anticipated EPS of $2.44 on revenue of $43.72B.

Costco shares are down 15% from the beginning of the year and are trading at $316.00 , down-from-52-week-high.They are under-performing the Nasdaq which is down 1.28% from the start of the year.

Costco shares lost 1.09% in after-hours trade the report.

Costco follows other major Services sector earnings this month

Costco’s report follows an earnings missed by Walmart on February 18, who reported EPS of $1.39 on revenue of $152.08B, compared to forecasts EPS of $1.51 on revenue of $148.49B.

Walt Disney had beat expectations on February 11 with first quarter EPS of $0.32 on revenue of $16.25B, compared to forecast for EPS of $-0.3551 on revenue of $15.89B.

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