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Yesterday Costco (COST) announced their FQ2 earnings and beat analyst expectations! The company reported Non-GAAP EPS of $2.55 (beat by $0.12) and revenue of $44.77B (+14.6% Y/Y).
Shares of #Costco have been in a downtrend since November of last year after the stock made a new all time high at $393.15. Now shares are trading at $319.04 (-19.0%), which are prices that they were trading at in January of 2020. Costco has increased sales, net income, and e-commerce tremendously over the past year, so is this a bargain level for investors?