Costco quarterly profit up; to take options charge
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Costco Wholesale Corp.  posted a 10 percent rise in quarterly profit on Thursday, slightly above Wall Street expectations, but said it would take a $70 million charge related to company stock options.
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Costco Wholesale Corp., the largest US wholesale-club operator, said fourth-quarter profit rose 24 percent, beating analysts&#39; estimates, as the company controlled costs and sold more gasoline.
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Wholesale retailer shares jump on news profit beat expectations by 4 cents a share, sales up 11%. NEW YORK  - Costco Wholesale Corp.
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Energy utility TXU Corp. on Monday more than quadrupled its quarterly dividend payment and raised its projected earnings for 2004 and 2005 after a companywide performance review.
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Tyco Electronics reported a higher quarterly profit Wednesday, helped by a tax benefit and strong demand from telecommunications customers.
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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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Sysco Corp. , the largest U.S.  distributor of food to restaurants and hospitals, on Monday  said quarterly profit rose as an extra week in the period and  acquisitions helped offset the effects of higher food prices.
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Diversified manufacturer Tyco  International Ltd  reported higher quarterly profit on  Tuesday on demand from energy and industrial markets and an  improving performance at its ADT security division.
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Natural gas producer and pipeline company Williams Cos. Inc.  posted better-than-expected quarterly profit on Thursday as higher margins for natural gas liquids offset weaker gas prices.
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Costco Wholesale Corp.  on Thursday said its quarterly profit fell, hurt by charges for expensing stock options.
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Kroger Co. , the top U.S. grocer, on Tuesday said quarterly profit rose 29 percent as it kept a tight rein on expenses and sales rebounded.
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Net profits for Costco Wholesale Corp. surged by 24 percent in its most recent quarter the company reported yesterday, boosted by changes in worker compensation rules in California.
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The Chicago Board Options Exchange, the  largest U.S. options market, said on Tuesday that  second-quarter profit after taxes rose 31 percent on increased  option volume and expanded product offerings.
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Costco Wholesale Corp. COST.O, the  largest U.S. warehouse club, posted a 21 percent increase in  quarterly profit on Thursday.
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Stock index futures indicated a slightly higher market open on Thursday after Costco Wholesale Corp.  posted stronger-than-expected sales in one of the first monthly reports from the struggling retail sector.
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Costco Wholesale Corp.  on  Thursday reported a 7 percent increase in May sales at stores  open at least a year.