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Use Costco's reported earnings in or near late February to mid-March of 2022. On the day of their earnings announcement, read articles on their earnings and then fully comment on the items listed below.

Paper should summarize the following items: Earnings per Share Reported earnings Expected earnings Any unusual items Versus same quarter prior year Top line growth: revenue growth Bottom line growth (margin). This should focus on reported EPS growth versus revenue growth (for example, if EPS grew faster than revenues, then margins must have expanded), but might include a discussion of: Gross margin ((Revenue COGS) / Revenue) Net margins (EBIT / Revenue) or (EBITDA / Revenue) Any comments from management, analysts or journalists about performance or expectations going forward (positive or negative for growth (top line or bottom line)) Discuss the markets reaction (what the stock price did when earnings were announced) and if that reaction was reasonable (give the actual price % change and make sure you are comparing the correct price change based on when earnings were announced (before market open, after market open, after market close)). You might compare this performance to what the overall stock market did or a key competitor did over the same period of time. If not logical, discuss any unusual circumstances that might explain reaction

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