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March 8, 2018

Costco 2Q profit jumps 36 percent

ISSAQUAH (AP) — Costco Wholesale Corp. reported a 36 percent jump in its fiscal second-quarter profit thanks partly to a $74 million boost from tax cuts, but the results fell short of expectations.

The Issaquah, Washington-based company said it had net income of $701 million, or $1.59 per share. That's up from $515 million, or $1.17 per share.

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