Costco Sales Top Estimates, But Earnings Miss
1. COST's Q2 sales exceeded estimates at $63.72 billion, up 9%. 2. Earnings of $1.79 billion missed expectations, impacted by rising costs. 3. Membership revenue increased 7% but margin impacts expected later. 4. COST shares fell 1.5% in after-hours trading post-results. 5. Stock value has grown by nearly one-third over the past year.