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March 13, 2013
Costco 2Q results rise, top estimates
ISSAQUAH (AP) — Costco's fiscal second-quarter net income climbed 39 percent as it pulled in more money from membership fees, sales improved and it recorded a large tax benefit.
The results beat Wall Street expectations. The wholesale club operator earned $547 million, or $1.24 per share, for the period ended Feb. 17. That compares with $394 million, or 90 cents per share, a year earlier.
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