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Costco results, views disappoint
The warehouse club earned 54 cents a share ex items in Q2, up 13% but a penny under views. Revenue rose 9.6% to $12.66 bil. Comparable-store sales rose 7%. Costco said that views for Q3 and the year were at the high end of its expectations. Shares fell 3.5% to 45.02.
AutoZone cost-cutting boosts net
The auto parts retailer earned $1.29 a share ex items in Q2, up 24% and 10 cents over views as it cut operating expenses and benefited as an early '04 dip in gas prices spurred more consumer ...