Costco 3rd-quarter net income rises

Published May 29, 2014 7:01pm ET



ISSAQUAH, Wash. (AP) — 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 edged up in afternoon trading Thursday.

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