10 Stocks Trade Weaker on Disappointing News

8. Costco Wholesale Corp. (NASDAQ:COST)

Costco fell back to the $900 territory on Friday, losing 6.07 percent to finish at $964.31 apiece as investor sentiment was disappointed by missed earnings estimates for the first half of fiscal year 2025.

In its latest earnings release, COST said net income rose by 2.5 percent to $1.788 billion, or $4.02 per diluted share. This compared with $1.743 billion, or $3.92 per diluted share, in the last quarter of the year, thanks to a $94-billion tax benefit due to the deductibility of the $15 per share special dividend to the extent received by 401(k) plan participants.

Analysts expected the company to post $4.11 per share.

Net profit for the second half stood at $3.59 billion, or $8.06 per diluted share, compared with $3.33 billion, or $7.49 per diluted share, last year.