** Shares of membership-only retail chain Costco COST.O fall 1.4% to $1,012.70 in extended trade
** COST reports Q2 profit below Wall Street expectations, after beating estimates for the past six quarters
** Less-than-expected earnings came amid higher merchandise costs and overshadowed quarterly revenue beat
** COST shares up 12% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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