Austin, TX 10/11/2007 9:04:12 PM
Speak with other shareholders about: (NASDAQ: COST), (NYSE: MON), and (NASDAQ: RUTH) .
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Shares of Costco Wholesale Corp. (NASDAQ: COST) soared Wednesday Oct. 10 ,2007, after the warehouse club retailer reported a 5 percent jump in its fiscal fourth-quarter earnings, driven by a rebound in same-store sales growth, cost-cutting and a tighter returns policy for electronics. The company also expressed optimism about fiscal 2008, saying earnings per share for the full year may come in higher than current Wall Street estimates.
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Seed company Monsanto Co. (NYSE: MON) posted a wider loss on Wednesday, October 10, for its fiscal fourth quarter, weighed down by charges related to its acquisition of cotton company Delta and Pine Land Co. Monsanto reported a loss of $210 million, or 39 cents per share, versus a loss of $144 million, or 27 cents per share, in the prior year. Quarterly net sales rose nearly 13 percent to $1.57 billion from $1.39 billion in the prior-year period.
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Oct 10, 2007 -- Ruth's Chris Steak House Inc. (NASDAQ: RUTH) said company-owned comparable restaurant sales fell 0.4 percent during the third quarter. Company-owned restaurant sales from continuing operations rose 20.9 percent to $67.0 million from $55.5 million in the year-ago quarter. Total revenues from continuing operations, including franchise and other income, are expected to be between $70.0 million and $70.2 million for the third quarter, compared with $58.3 million in the year-ago period.
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