Costco reports results that top estimates and $200 billion annual revenue for first time

Costco Wholesale Corp. shares slipped in the extended session Thursday even as the retailer reported quarterly results that beat Wall Street estimates and annual sales that topped $200 billion for the first time.

Costco
COST,
-1.20%

shares declined 2% after hours, following a 1.2% decline in the regular session to close at $487.17.

Costco reported fourth-quarter net income of $1.87 billion, or $4.20 a share, compared with $1.67…

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