Costco Q3 results missed estimates amid higher costs, dip in e-commerce By Investing.com

Investing — Costco reported Thursday fiscal third-quarter results that missed Wall Street estimates as rising costs and a dip in e-commerce sales weighed on performance. 

Costco Wholesale Corp (NASDAQ:COST) was up nearly 1% in aftermarket hours.

Costco Wholesale fiscal Q3 earnings of $2.93 per diluted share on revenue of $53.60 billion, missing estimates for $3.32 and revenue of $54.61 billion.

Merchandise costs and selling, general and administrative costs were up about 1% each in Q3 year on year, weighing on the bottom line.

Adjusted comparable sales in the quarter increased 3.5%, with the bulk of the sales generated in the U.S. and Canada, up 1.8% and 7.4% respectively, while international was up 8.4% in the quarter.

E-commerce sales were down 7.8% in the quarter.