BJ&#39;s posts Q3 report, stock drops

Filed under: Earnings reports, Wal-Mart (WMT), Costco Wholesale (COST)

BJ's Wholesale Club (BJ), whose competitive colleagues include Costco Wholesale Corporation (COST) and Wal-Mart Stores, Inc. (WMT), issued Q3 results earlier today. According to TheStreet.com, adjusted earnings of 45 cents per share met expectations.

And apparently that wasn't good enough for the traders. As of this writing, shares of BJ's were trading down 3% on above-average volume. Was the BJ's story that bad?

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BJ's posts Q3 report, stock drops originally appeared on BloggingStocks on Wed, 18 Nov 2009 17:30:00 EST. Please see our terms for use of feeds.

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