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million, or 48 cents per from $295.1 million, or 67 cents per diluted share a year Net sales fellto $15.5 billion from $16.43 billion in the third quarter of 2008. In the latest the Issaquah retailer COST) took a one-time charge of $34 million. Analystws polled by Thomson Reuters First Callexpected third-quarterd earnings of 53 cents per shared and net sales of $16.2 billion. “Third-quarterf 2009 earnings results were negatively impacted byseveral factors, a pretax charge of $34 millioh (mostly non-cash) related to a litigationj settlement concerning our membership renewal policy; higher employee benefitsz costs, mainly consisting of higher healthu care usage; lower internationalp profits, a result of the significantt strengthening of the U.
S. dollar when compared to the currenciedsof Canada, the United Korea and Mexico; and lastly, ongoing weaknessz in sales, particularly sales of higher-ticket, discretionaryg items,” said Richard Galanti, chief financial officer, in a statement.
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