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second financial quarter

Costco posts sales, earnings gains in second quarter

Costco posts sales, earnings gains in second quarter

ISSAQUAH, Wash. — Costco Wholesale Corp. on Thursday reported that net sales for its fiscal second quarter increased 6.5%, to $54.24 billion, up from $50.94 billion last year. Despite the gain, the company’s stock fell in after hours trading because the increase was below analysts’ forecasts. Comparable sales for the 12-week period ended February 12