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US: Costco second quarter shows strong sales

U.S. warehouse club operator Costco Wholesale Corp posted quarterly profit above expectations, helped by strong sales.

For its second quarter, Costco earned $394 million, or 90 cents per share, up from $348 million, or 79 cents per share last year.

Sales rose 10 percent to $22.51 billion.

Total revenue for the company was $23 billion, up 10 percent.

Source: www.chicagotribune.com

Publication date: 2/29/2012


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