By Yasin Ebrahim
Investing.com - Costco reported on Thursday fiscal fourth-quarter results that beat analysts' forecasts on both the top and bottom lines.
Costco Wholesale (NASDAQ:COST) shares lost 1.57% in after-hours trade following the report.
Costco announced earnings per share of $3.13 on revenue of $53.38B. Analysts polled by Investing.com anticipated EPS of $2.83 on revenue of $52.04B.
"This year’s fourth quarter was negatively impacted by incremental expense related to COVID-19 premium wages and sanitation costs," Costco said.
Costco shares are up 18% from the beginning of the year, still down 4.37% from its 52 week high of $362.90 set on September 3. They are under-performing the Nasdaq 100 which is up 24.77% from the start of the year.
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