Why Costco Stock Was Pulling Back Today
Shares of Costco Wholesale (NASDAQ: COST) were heading lower Friday after its fiscal fourth-quarter revenue came in slightly below estimates.
Ahead of Thursday afternoon's report, the warehouse retailer was trading at a lofty valuation, so a pullback on its slight miss wasn't a surprise.
As of 10:51 a.m. ET Friday, the stock was down 1.5% after having fallen by as much as 3% earlier in the session.
Source Fool.com
