Costco (COST) shares dip despite earnings beat. We see no cause for concern

Customers using Costco Self-service check out area, Queens, New York.

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Costco Wholesale‘s third-quarter earnings topped Wall Street expectations on Thursday, driven by higher sales and lower-than-expected operating expenses. Even with a recent C-Suite transition, Costco delivered a business-as-usual quarter, as members flocked to its warehouses in search of quality merchandise at value prices.