Update 1: Costco 4Q Earnings Up 24 Pct. to $296.8M
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Costco Wholesale Corp.&#39;s earnings rose 24 percent in its latest quarter, lifted by improvement in both net sales and membership fees which more than offset a minor accounting charge.
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The worldâs biggest maker of corporate storage gear said fourth-quarter profit rose to $525.7 million, from $388.8 million a year earlier, on strong revenue growth across a broad range of products.
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ISSAQUAH, Wash. -- Discount retailing giant Costco Wholesale Corp. said Thursday that profits grew 21 percent in its fiscal first quarter, thanks to higher sales and more revenue from membership fees.
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Fourth-quarter earnings rose 42 percent from a year ago as profit margins at its U.S. stores improved despite higher commodity costs.
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Costco Wholesale Corp.  on Thursday reported a 7 percent increase in May sales at stores open at least a year.
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YESTERDAY Close $52.56 Change +$0.66 52-WEEK High $54.17 Low $40.57 Raytheon Co. said fourth-quarter earnings rose 32 percent, driven by growing defense contract bookings and strong sales of missiles and battle operations communications systems.
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Costco Wholesale Corp.  posted a 10 percent rise in quarterly profit on Thursday, but said it would take a $70 million charge in the second quarter related to company stock options.
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Costco Wholesale Corp. COST.O, the  largest U.S. warehouse club, on Thursday posted a 21 percent  rise in quarterly profit but its shares fell after it failed to  beat expectations.
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Quarterly earnings rose to $58 million, or 18 cents per share, from $48 million, or 16 cents per share, last year. Excluding results from casinos scheduled to be sold, a write-down of the book value of Caesars
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Johnson Controls Inc. JCI.N, on  Tuesday said quarterly earnings rose 24 percent on growth in  both its automotive interiors and building controls businesses.
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Costco Wholesale Corp. (COST.O: Quote, Profile, Research) reported higher-than-expected quarterly profit and a healthy rise in September sales on Thursday, sending its shares up 2 percent in pre-market trading.
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Costco Wholesale Corp  said on Thursday its quarterly profit rose almost 11 percent, meeting Wall Street targets, as bargain-hunting customers headed to its discount stores to buy cheaper gasoline and food.
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The action continued in after hours trading, where the company gained another US cent. The company saw stocks climb $2.33 during the day, a 4.86 per cent increase.
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The brewer said fourth-quarter profit jumped 75 percent to $173.2 million, helped by a tax benefit and the weak dollar.
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Costco Wholesale Corp. reported a 5 percent increase in November sales at stores open at least a year.
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ARMONK, N.Y. -- Computer server and software maker IBM said Monday its fourth-quarter earnings from continuing operations rose 24 percent from a year ago, beating Wall Street expectations by a wide margin.
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H.J. Heinz Co. HNZ.N on Thursday   posted a greater-than-expected 23 percent rise in quarterly   profit, lifted by increased prices and sales of new ketchup and   soup products.