Costco earnings call worries investors despite beating estimates

Yahoo Finance Video
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Costco (COST) shares trend lower in Wednesday's pre-market session after reporting its fourth-quarter earnings results yesterday. While Costco beat earnings and revenue estimates, investors reacted negatively to other details: Costco cited weaker-than-expected same-store sales growth, higher wage expenses, and no plans to increase membership fees in its earnings call.

Yahoo Finance Reporter Brooke DiPalma breaks down the details of Costco's earnings call and what this means for the future of the company.

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