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Costco 2Q Exceeds Expectations

ISSAQUAH, WASH. - Costco beat Wall Street estimates during the second quarter, with net income up 38.8% to $547 million, or $1.24 per share.
     Total sales for the quarter ended Feb. 17 rose 8% to $24.3 billion. Both consolidated same store sales and U.S. comp were up 5%.
     For the first half of the fiscal year, net income jumped 34.9% to $963 million, or $2.19 per share.
     Total sales for the first half increased 9% to $47.55 billion.

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