In our “What to expect section” from Monday’s market recap we told you about Costco’s quarterly earnings data and the expectation for high volatility as a consequence of the report. The final data was very positive with Costco announcing 2.01 earnings per share beating the 1.67 expectation, which amounts to a total of 20.36% surprise.
As a result of that, the price jumped from 216.79 USD per share to 227.82 USD, which is a total of + 5.09% daily change. This is another example of the post-Christmas consumer shopping, which is having a positive seasonal effect on big retailers such as Costco and we also mentioned it in our review of Abercrombie & Fitch Co. earnings here.
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