Costco Reports Worse Than Expected Q1 Results
<p><a href='https://financialmodelingprep.com/financial-summary/COST'>Costco (NASDAQ:COST)</a> reported its Q1 results, with EPS of $3.07 coming in worse than the Street estimate of $3.12. Revenue was up 8.10% year-over-year to $54.4 billion, worse than the Street estimate of $54.79 billion.</p>
<p>Analysts at Oppenheimer provided their thought on the results, noting they continue to view Street estimates as too aggressive. They remain at a $13.62 estimate for 2023, well below a Street figure of $14.56.</p>
<p>The analysts expect a choppier trade until Street estimates fully reset. In the intermediate term, the analysts still see the potential for a special dividend and a membership fee increase that could represent positive catalysts down the road.</p>

NASDAQ:COST