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Costco Wholesale Q4 Profit Rises

Costco Wholesale Corporation (COST) Thursday reported fourth-quarter profit of $1.868 billion or $4.20 per share, compared to $1.670 billion or $3.76 per share last year.

Sales for the quarter increased 15.2 percent to $70.76 billion from $61.44 billion last year. Comparable sales for the fourth quarter was up 13.7%.

Analysts polled by Thomson Reuters expected earnings of $4.16 per share and revenues of $72.04 billion for the quarter.

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