12:08 PM EST, 03/08/2024 (MT Newswires) -- (Updates with the company's latest stock move in the headline and the first paragraph.)

Costco Wholesale ( COST ) shares fell nearly 7% in recent Friday trading, a day after the company's fiscal Q2 net sales missed analysts' expectations.

The company reported fiscal Q2 earnings late Thursday of $3.92 per diluted share, up from $3.30 a year earlier.

Analysts polled by Capital IQ expected $3.61.

Net sales for the quarter were $58.44 billion, up from $55.27 billion a year earlier.

Analysts surveyed by Capital IQ expected $59.13 billion.

Price: 731.28, Change: -54.31, Percent Change: -6.91