Costco's fourth quarter: Will Wall Street be surprised? - Steven Mallas

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Costco's fourth quarter: Will Wall Street be surprised?
Oct 06, 2009 04:30 PM UTC

Steven Mallas

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Via BloggingStocks:

Filed under: Earnings reports, Forecasts, Wal-Mart (WMT), Costco Wholesale (COST)

Costco Wholesale Corp. (NASDAQ: COST), the popular warehouse store that competes with BJ's Wholesale Club (NYSE: BJ) and Wal-Mart (NYSE: WMT), will report Q4 earnings on Wednesday, October 7. How will the company do?

Don't look for growth, my friends. According to Earnings.com, estimates from Wall Street say that Costco will produce 77 cents per share in income. Unfortunately, that represents a 16% drop in the metric. Surprising? Maybe a little. After all, we're still suffering a bad economy, and you figure that people would want to cut costs by leveraging the bulk buying power of the Costco business model.

Continue reading Costco's fourth quarter: Will Wall Street be surprised?

Costco's fourth quarter: Will Wall Street be surprised? originally appeared on BloggingStocks on Tue, 06 Oct 2009 11:30:00 EST. Please see our terms for use of feeds.

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