Costco (COST) Stock Trades Down, Here Is Why
Shares of membership-only discount retailer Costco (NASDAQ:COST) fell 2.3% in the morning session after the company reported underwhelming third quarter results with sales and earnings roughly inline with expectations. The membership-only retailer posted revenue of $86.16 billion, an 8.1% year-over-year increase that narrowly beat the consensus estimate of $85.91 billion. Its earnings per share of…