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Costco looks fantastic this quarter, so why wasn't there a share price jump to reflect that?
The following video is from Wednesday's MarketFoolery podcast, in which host Chris Hill, along with analysts Joe Magyer and Bryan Hinmon, discuss the top business and investing stories.
Costco's (NASDAQ: COST) Q1 profits rose 30% and same-store-sales were up 7%. Despite the strong results, shares were down on Wednesday. In this segment, the guys analyze the results and Costco's growth prospects, and share why the stock is starting to get pricey.
Chris Hill, Bryan Hinmon, and Joe Magyer have no positions in the stocks mentioned above. The Motley Fool owns shares of Costco Wholesale. Motley Fool newsletter services recommend Costco Wholesale. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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