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.
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Source Fool.com