12:04 pm Costco Trades Higher Following Strong Q2 Numbers, Feb Comps
Discount retailer Costco (COST 150.38, +3.21) is trading higher by about 2.2% this morning following the company's Q2 results and February same store sales, both of which came in better than expected. COST reported earnings per share (EPS) of $1.35 and February SSS of plus 1%.
In terms of the numbers, COST reported Q2 EPS of $1.35 on revenues of $27.45 billion. The company noted that net income was positively impacted by a $57 million tax benefit in connection with February's special cash dividend. The net …More