December 11, 2008 at 08:45 AM EST
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 ...
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here