Costco Stock Is Slipping Because Investors Wanted More Than Strong Earnings

Costco Wholesale stock is edging lower in late trading even as the discount retailer reported fiscal second-quarter earnings that came in ahead of expectations.

Costco (ticker: COST) earned $2.92 per share on revenue that climbed nearly 16% year over year to $51.9 billion. Analysts were looking for EPS of $2.76 on revenue of $51.53 billion.

Same-store…