Costco shares down 1% on Q1 miss

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Costco (NASDAQ:COST) shares fell more than 1% after-hours following the company’s reported Q1 results, with EPS of $3.07 coming in worse than the Street estimate of $3.12.

Revenue grew 8.10% year-over-year to $54.4 billion, missing the Street estimate of $54.79B.