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Costco 3rd-quarter net income rises

from The Associated Press via The Seattle Times

Costco Wholesale Corp.'s net income rose 3 percent in the third-quarter as the warehouse club operator's sales and membership fees improved. A key sales figure rose both in the U.S. and abroad, but its earnings fell short of Wall Street expectations. Its shares slipped in premarket trading Thursday, but were up 4 cents to $114.28 shortly after the market opened. more


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