Recently at costco. Especially when you look relative to other retailers. This is something we have been seeing. Comparable sales up six percent. Especially impressive given what we have seen in the First Quarter given so many retailer said weekly results were due to the weather. Sams club is comparable sales, down half percent. Walmart down 2 10 of one percent. Among the big discount retailers, this is the only one that has seen an increase in comparable sales. Not only an increase, but a big increase. On the other hand, shareholders meet did meet estimates. It seems like a combination of different factors. Higher preopening expenses for some of its stores, accelerated some of its store openings. Fewer shares in the quarter contributed to some of it as well. Membership fee income, which may have been due large part to courtesy currency headwind. Areall, we see the shares down 7 10 of one percent. Commentary i have seen has not been that negative, saying essentially weak numbers are in
Actively now looking both internally and externally for a new ceo. You can see right now that the stock is up 6. 7 . We have had a lot of movers. Tracy thank you, nicole. We have that on this. Rob, you are saying that there is no right time. You just decided it was time to go. A major reorganization. Typically, you are in while it takes time to complete the process. Tracy that is kind of interesting. Second class citizens to facebook now. What is happening here . Well, he actually did a number of things right. He made a number of mistakes as well. That is why you look at their one big major mistake. You do not look at any of their successes. They were very successful. He got them out from underneath. The huge problem they had. He finally fixed the organizational problem. In the end, he got three of them. Seeing as a wonder inside the company. He would be an excellent choice. Outside the company, there are probably three people that could be picked. Fully trained to be a ceo. Has been a
Moment. First, we want to get to julia boorstin. Facebook earnings are due out any moment now. Thats right, maria. The big focus is its mobile growth. Analysts expect 33 of the ad revenue to come from mobile. Thats up from 30 in the First Quarter with 767 million users expected. Total revenue was expected to grow 37 to 1. 6 billion while earnings per share are expected to grow 14 to 14 cents. Well also be watching for more data on just how well facebook ads are working and how much time users are spending with facebook in the face of so many alternatives. Ill be back shortly, as soon as the numbers are out. Maria . All right, julia, well be back to you when the numbers come out. We want to get to the action on wall street action with peter, john, and nathan of the Financial Network group. Good to see everybody. Thank you for joining us. Nathan, let me kick this off with. What do you pex ekt the catalyst of the market to be for the rest of the year in. The catalyst for this year is goin
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Securities Times reporter An Zhongwen The sell-off in copper, crude oil and palm oil prices is giving fund managers another way of thinking. Due to the continuous decline of bulk commodities, QDII funds holding heavy positions in copper mines and crude oil suffered heavy losses in the short term. However, when the prices of these upstream raw material commodities plummeted, A-share fund ma