Costco Wholesale Corp (COST) Misses Q3 EPS by 2c; Comps Up 6%

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Goldman Sachs Comments on Costco Wholesale (COST) Q3 Miss

May 29, 2014 10:49 AM EDT

Goldman Sachs maintained a Neutral Costco Wholesale (NASDAQ: COST) with a price target of $126. Analyst Matthew J. Fassler said he expects a "subdued negative reaction" to Q3 results -- the company's fourth straight miss, he noted.

"COST reported F3Q14 EPS of $1.07 vs. $1.04 a year ago, missing our $1.14 estimate and the Streets $1.09. The miss vs. our model was driven by a shortfall... More