The stock also looks relatively less expensive according to the price-to-sales, price-to-cash flow (in the sense of net income plus depreciation) and enterprise multiples.

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Monsanto (MON) announced that net income increased by 22 percent during the second quarter due to strong sales of its biotech seeds.

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In corporate news this week, Best Buy (BBY) announced that net income during the quarter fell by 90 percent, due to weak sales and restructuring charges.

FORBES: Weekly Wrap

Net income rose 6.3% to 1.4 bn euros while sales jumped 20% to 9.7bn euros, driven in part by sales of its Bottega Veneta handbags.

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Despite robust sales gains, the cost of jet fuel caused net income to fall short of Wall Street forecasts.

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Lorillard (LO) announced that third-quarter net income increased by 6 percent due to higher pricing that offset a decline in cigarette sales.

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The performance criteria used to determine the annual bonuses for the named executive officers were net sales and operating income as determined in accordance with generally accepted accounting principles.

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Costco (COST) on the other hand, announced that net income rose 2.6% with 10% higher comparable sales and is opening lower due to missed expectations.

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