Costco Wholesale Corporation (NASDAQ: COST) reported second quarter 2024 earnings results today.
Total revenue was $58.4 billion, up 6% compared to the same period last year.
Total company comparable sales increased 5.6%.
Net income was $1.74 billion, or $3.92 per share, compared to $1.46 billion, or $3.30 per share, last year.
Earnings beat estimates but revenue missed expectations.
The company had cash and cash equivalents of $9 billion as of February 18, 2024.
The stock dropped 4% in aftermarket hours on Thursday.