Two Ways To Play: Costco Marches to Own Earnings Beat
Costco Blows Past ConsensusCostco (COST) is out with earnings this morning. According to Reuters first-quarter profits came in at $0.65 per share  above consensus estimates of $0.62 per share.Quarterly sales rose nearly 4% to $16.04 billion less membership fees which rose to $358.7 million from $338 million. Same-store sales also rose 1%. Earnings may have been higher but were hurt by non-food discretionary items and related reductions.From the Bull Pen: If Costco’s stock falls and can hold near $50 watch for a potential inverse head-and-shoulders pattern developing. Entry if and when - and keep in mind overhead resistance at ...
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