Costco's Q3 earnings fall short of expectations.
TL;DR Summary
Costco reported Q3 net income of $1.3 billion, or $2.93 a share, compared to $1.35 billion, or $3.04 a share, in the same quarter last year, with sales rising 1.9% to $52.6 billion. However, same-store sales rose only 0.3%, with a 0.1% dip in the U.S., missing analysts' expectations of $3.29 a share on revenue of $54.5 billion and same-store sales growth of 2.8%.
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