Why Costco Stock Is Sliding After Hours

Costco Wholesale Corp COST shares are trading lower in Wednesday's after-hours session after the company reported March sales results.

The Details: Costco reported net sales of $21.71 billion for the month of March, up 0.5% on a year-over-year basis. The company reported net sales of $137.77 billion for the 31-week period ended April 2. 

U.S. comparable sales fell 1.5% in March and comps were down 1.1% overall. Costco said e-commerce sales were down close to 13% last month. 

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COST Price Action: Costco has a 52-week high of $612.12 and a 52-week low of $406.64.

The stock was down 2.24% after hours at $486 at the time of writing, according to Benzinga Pro.

Photo: Mike Mozart from Flickr.