This morning, Costco (NASDAQ:COST) reported fiscal first quarter earnings of $425 million, or 96 cents per share, as revenue increased to $25 billion. The big box retailer missed Wall Street estimates on both the top and bottom line, causing weakness in the stock on Wednesday morning. The company noted that currency headwinds and lower gasoline prices weighed on earnings in the first quarter and that sales at stores open at least a year still advanced by 3%. Shares of Costco were lower by 1.7% on the news.
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