Costco $COST reported third-quarter results that missed Wall Street estimates and sent the stock down slightly in premarket trading.

Costco reported fiscal Q3 results of $2.93 per diluted share on revenue of $53.60 billion. Estimates were for $3.32 and sales of $54.61 billion. Cost of goods and administrative and selling expenses increased 1% year-over-year, which had a negative impact on the bottom line. Also contributing to the poorer results was a 7.8% decline in e-commerce revenues.

For me, nothing much changes, I continue to hold the stock.