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Investors clobbered the stock, focusing on the guidance rather than the earnings. At the same time, as is often the case, another company in the same industry, Facebook FB was also traded down. Today, a similar thing took place.
Walmart WMT announced earnings which narrowly beat estimates, but missed top line revenue by a bit. However, they projected that next quarterly earnings starting now would be flat.
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The stock fell 4. This how the lemmings do it, time and time again.
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Risks of Investing in Costco Stock (COST)
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