Costco Earnings Beat Expectations, but the Stock Slips. Here’s Why.

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People wait in line to enter a Costco Wholesale store in Glendale, California.

Photograph by Mario Tama/Getty Images

Costco Wholesale
stock slipped late Thursday, after the discounter reported fiscal third-quarter earnings.

Costco (ticker: COST) said it earned $1.89 a share on revenue of $37.3 billion. Analysts had been predicting earnings per share of $1.85 on revenue of $36.55 billion.

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