Costco Stock Rangebound Despite Solid Earnings Report shorts [v0Qdq1hr130]
#costcoearningsreport #costcoearningstoday #costcoearningscall Costco's stock price was down slightly by 0.14% on the news, which is the same as the S&P 500. Revenue was also in-line, but earnings were below expectations. Despite solid quarter-over-quarter growth, investors seem to be pulling down the stock price. In Costco's earnings release, they stated that they lost $0.04 per share on revenue growth of 2.8%, but they increased their EPS guidance to $0.80-$0.85 per share. This means Costco is expecting revenue growth 2%-3% for the full year and EPS growth of 10%-15%. Despite the revenue and EPS growth, investors pulled the stock down by 0.14%. In Costco's conference