Tuesday, May 22, 2007

BJ's Wholesale posts lower profit, keeps forecast

(Reuters) - The company, whose shares rose more than 2 percent, said profit for the first quarter that ended on May 5 declined to $13.65 million, or 21 cents per share, from $15.42 million, or 23 cents per share, a year earlier.




Excluding a gain from the sale of pharmacy-related assets, earnings were 20 cents a share, meeting the analysts' average forecast compiled by Reuters Estimates.


Read more at Reuters.com Business News

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