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Costco Q3 results missed estimates amid higher costs, dip in e-commerce

Investing -- Costco reported Thursday fiscal third-quarter results that missed Wall Street estimates as rising costs and a dip in e-commerce sales weighed on performance. 

Costco Wholesale Corp (NASDAQ:COST) was up nearly 1% in aftermarket hours.

Costco Wholesale fiscal Q3 earnings of $2.93 per diluted share on revenue of $53.60 billion, missing estimates for $3.32 and revenue of $54.61 billion.

Merchandise costs and selling, general and administrative costs were up about 1% each in Q3 year on year, weighing on the bottom line.

Adjusted comparable sales in the quarter increased 3.5%, with the bulk of the sales generated in the U.S. and Canada, up 1.8% and 7.4% respectively, while international was up 8.4% in the quarter.

E-commerce sales were down 7.8% in the quarter.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.