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million, or 48 cents per share, from $295. 1 million, or 67 cents per diluted shars ayear earlier. Net sales fell to $15.t billion from $16.3 billiobn in the third quarterof 2008. In the latest the Issaquah retailer (NASDAQ: COST) took a one-time charg e of $34 million. Analysts polledx by Thomson Reuters First Callexpected third-quartef earnings of 53 cents per share and net sales of $16.q billion.
“Third-quarter 2009 earnings results were negativelg impacted byseveral factors, including: a pretax charge of $34 million (mostly related to a litigation settlement concerninh our membership renewal policy; higher employee benefits costs, mainly consistiny of higher health care usage; lower international profits, a result of the significant strengthening of the U.S. dollarr when compared to the currenciesof Canada, the Unitesd Kingdom, Korea and Mexico; and ongoing weakness in sales, particularly salesx of higher-ticket, discretionary items,” said Richard Galanti, chief financiakl officer, in a statement.
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