US Stock Market Move | Costco (COST.US) fell more than 2.8% on the stock market, with total Q4 revenue of $86.156 billion.
As of the time of publication, the stock had fallen more than 2.8%, closing at $917.83.
On Friday, the stock price of Costco Wholesale Corporation (COST.US) dropped, falling over 2.8% to $917.83 at the time of writing. Despite the company's latest financial report exceeding expectations, some analysts have pointed out that Costco's valuation is significantly above a reasonable range, warning of a potential price correction. For the fourth quarter ending in August, Costco reported total revenue of $86.156 billion, an 8% increase compared to the previous year and better than market expectations. Net profit was $2.61 billion, up from $2.354 billion in the same period last year, and diluted earnings per share were $5.87, higher than market expectations and up from $5.29 in the previous year.
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