NEW YORK (TheStreet) -- Shares of Costco Wholesale Corp. (COST) are down by 1.66% to $143 in pre-market trading on Thursday morning, after the membership warehouse retailer reported its 2015 third quarter earnings results and posted a decline in comparable sales and revenue that missed analysts' forecasts.
For the most recent quarter, Costco said its comparable sales fell by 1%, missing the 0.7% growth analysts were looking for.
Revenue was $25.52 billion for the third quarter, missing the $26.36 billion analysts polled by Thomson Reuters were expecting.
The company's net income however, grew to $1.17 per share, from $1.07 per share in the 2014 third quarter and came in above the $1.15 per share analysts had anticipated.
Costco, which sells a variety of products from groceries to electronics, said it was hurt by low gas prices and a strong dollar.
Separately, TheStreet Ratings team rates COSTCO WHOLESALE CORP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate COSTCO WHOLESALE CORP (COST) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company shows low profit margins."
You can view the full analysis from the report here: COST Ratings ReportCOST data by YCharts