Costco Earnings, Revenue beat in Q1

Costco (NASDAQ:COST) reported on Thursday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Costco announced earnings per share of $2.29 on revenue of $43.21B. Analysts polled by Investing.com anticipated EPS of $2.02 on revenue of $41.7B.

Costco shares are up 26% from the beginning of the year and are trading at $370.00 , down-from-52-week-high.They are under-performing the Nasdaq which is up 38.26% from the start of the year.

Costco shares lost 0.78% in after-hours trade the report.

Costco follows other major Services sector earnings this month

Costco’s report follows an earnings beat by Walmart on November 17, who reported EPS of $1.34 on revenue of $134.7B, compared to forecasts EPS of $1.18 on revenue of $132.12B.

Home Depot had beat expectations on November 17 with third quarter EPS of $3.18 on revenue of $33.54B, compared to forecast for EPS of $3.05 on revenue of $31.83B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar