Thursday, May 31, 2007

Costco quarterly profit falls

(Reuters) - Excluding items, Costco earned 56 cents a share, which matched the Wall Street forecast, according to Reuters Estimates.




Costco said its sales rose 10 percent to $14.34 billion, excluding membership fees. Net sales were reduced by $228 million due to an increase in the sales returns reserve balance, Costco said.


Read more at Reuters.com Hot Stocks News

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