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Costco Notches Another Earnings Beat. Why the Stock Is Lower.

Costco Notches Another Earnings Beat. Why the Stock Is Lower.

Costco Wholesale’s revenue came in short of expectations in its latest quarter, sending the stock lower in after-hours trading Thursday. Shares of Costco fell 1.5% to $803 in after-hours trading Thursday as the market digested the revenue shortfall. Investors were also likely disappointed over the fact that the company still hasn’t announced plans to increase to its annual membership fee, which it last raised in 2017.