Costco earnings beat big on the back of sales of gold bars and silver

yahoo Finance

Costco (COST) once again bulked up its bottom line on the back of gold bars and warehouse-friendly prices on everyday essentials.

Joe Feldman of Telsey Advisory Group told Yahoo Finance it only “makes sense it would take a pause” after the “stock has been on fire lately.” He added, “The stock also has a history of taking a breather when it reports financial news. We are not concerned, given the business remains quite solid, as evidence by the comp trend.”

To view the full article, please click on the following link:

Visit Content