1450 ET -- Costco Wholesale is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Third-quarter earnings per share were $2.93, which included a charge of 50 cents a share primarily for discontinuation of charter shipping activities. This compares with $3.04 a year earlier, which included a charge of 13 cents a share for incremental employee benefits. Shares were recently up 4.6%, to $508.86. Costco said its daily transaction amount fell, partly due to weaker sales of big-ticket items like home furnishings and electronics. The company is seeing inflation abate, including improvements in food items like nuts, eggs and meat. Dow Jones & Co. owns Factiva. (josh.beckerman@wsj.com)

 

(END) Dow Jones Newswires

May 26, 2023 15:05 ET (19:05 GMT)

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