Costco Shares Slip Despite Earnings And Revenue Beat

Core Viewpoint - Costco's quarterly earnings and revenue exceeded Wall Street forecasts, yet shares traded 1% lower in pre-market trading [1] Group 1: Earnings Performance - The company reported fiscal fourth-quarter earnings of $5.87 per share, surpassing consensus expectations of $5.81 [1] - Net income rose to $2.61 billion for the quarter ended August 31, compared to $2.35 billion a year earlier [2] Group 2: Revenue and Sales - Revenue came in at $86.16 billion, slightly above analyst estimates of $86.08 billion [2] - Net sales grew 8% year-on-year to $84.4 billion [2] - Excluding fuel, same-store sales increased by 6.4%, just shy of the 6.44% projection [2] Group 3: Market Dynamics - Strong customer traffic and solid sales helped offset higher costs during the period [1]