posted by mark
on Wed, 02/21/2018 - 15:09
Well... Costco kicked butt again!
Funny thing is that the stock was trading down in after hours trading. I don't know what those folks are looking at, but they must not be looking at this fine company's fundamentals. Lets look at a few.
- Beat the quarterly earnings estimate of analysts(2.08 vs 2.02). Costco doesn't bother with earnings guidance (good for them).
- Beat the quarterly revenue estimate (42.3 vs 41.6).
- Year over year their quarterly revenues increased 15.7% (42.3/36.56)!
It pays to have a long-term focus and not get wrapped up in the short term. Their per share earnings have continued to rise steadily for years.
I'll take the turtle any day, any time over the hare!
