Stock Earning Alert - BJ's Wholesale (NYSE:BJ) reports In-line 3Q Earnings

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BJ's Wholesale Club, Inc. (NYSE:BJ) fell 1.63% to $35.75 after it said Wednesday that its fiscal third-quarter profit fell to $17.7 million, or 32 cents a share, from $28.2 million, or 48 cents, a year earlier. Sales in the quarter ended Oct. 31 rose 2% to $2.45 billion from $2.4 billion. Comparable club sales fell 2.5% and would have risen 3.9% minus the impact of gasoline sales. Excluding a 13-cent legal claim settlement, BJ's would have earned 45 cents a share. That matched the average estimate of analysts surveyed by FactSet.

BJ’s Wholesale Club (BJ’s) is a warehouse club operator in the Eastern United States. As of January 31, 2009, the Company operated 180 BJ’s warehouse clubs, 102 of which operate gasoline stations, in 15 states. Its warehouse clubs includes the sales of food, general merchandise, gasoline and other specialty businesses.