Memory Inflation Is Hitting Costco’s Electronics Business, and It Triggered a $152 Million Charge
Costco (COST) stock rose after beating Q4 earnings with $6.75 EPS. Analysts update price targets following strong results.
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Why It Matters
Costco had to write down 152 million dollars in old electronics inventory. When a company takes a big loss like this, watch whether their future profits stay strong.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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