Costco Earnings Miss Seen As Better Than Feared -- Market Talk
Dow Jones
50 mins ago
Costco's earnings miss wasn't as bad as feared, Oppenheimer analysts say. "We had telegraphed the potential for a miss vs. the consensus estimate driven by transitory margin headwinds related to fuel. This is largely what transpired, but we believe results were better than feared in our investor conversations," they say. Costco remains a top pick as its value proposition should drive outsized share gains. "We would take advantage of any profit taking tomorrow," they say. "We still see the potential for a special dividend and/or a stock split, which we believe could represent positive catalysts for shares." (nicholas.miller@wsj.com)
(END) Dow Jones Newswires
May 28, 2026 18:54 ET (22:54 GMT)
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