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Why Costco Is Falling Today

TheMotleyFool

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Why Costco Is Falling Today: https://g.foolcdn.com/editorial/images/723311/warehouse-store-club-costco-sams-bjs-shopping-retail-discount-getty.jpg

Shares of Costco Wholesale (NASDAQ: COST) are falling 3.3% at 11:15 a.m. ET in morning trading trading Friday after the warehouse club reported disappointing fourth-quarter earnings yesterday that just missed Wall Street's top-line estimates, but exceeded them on the bottom line.

Costco said it generated $3.30 per share in profits on $55.3 billion in sales for the period, a bit of a mixed bag for the retailer as analysts were looking for $3.21 per share in profits, but $55.5 billion in revenue.

Image source: Getty Images.

Source Fool.com

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