Costco will report results after the close with analysts expecting $6.53 per share and $94.82 billion in sales; these estimates and a 0.20% premarket move do not change the company's outlook given a weak price trend and a softer market backdrop.
Analyst estimates alone do not change Costco's situation. The report lists expected EPS of $6.53 and $94.82 billion in sales, not actual results. A 0.20% premarket move and a weak price trend leave the company's picture unchanged ahead of the report.
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Oracle fell about 1.56% in premarket after co-CEO share sales following job cuts; the job cuts could lower costs but insider selling and the stock drop are opposing signals, leaving the story balanced.
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