Stock Market

Costco Reports Better Than Expected Revenue, Earnings For Q4

Costco-Reports-Better-Than-Expected-Revenue-Earnings-For-Q4

On Thursday, the US-based wholesale giant, Costco, posted its fourth-quarter revenue and earnings report which beat the experts’ predictions. The company reported earnings per share (EPS) of $3.13 on top of analysts’ forecast of $2.83 and revenue of $53.38 billion as compared to experts’ expectations of $52.04B.

Although the US stock exchange, NASDAQ 100, is already 24% up from the start of 2020 and Costco is underperforming the index, its share prices are already trading 18% up since the beginning of 2020, trading at $341.60, down from its 52-week high point.

cMeanwhile, the company follows the footsteps of other service sector firms, Dollar General and Lululemon Athletica, which also over-performed the experts’ expectations. On August 27, Dollar General posted revenue of $8.68 billion and an EPS of $3.12 on top of predictions of $8.36 billion revenue and an EPS of $2.47.

Lululemon, on the other hand, posted a revenue of $902.94 million and an EPS of $0.74 as compared to forecast of $844.48 million revenue and $0.56 EPS for the Q2.

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