Costco reports higher quarterly profit
![COSTCO-RESULTS](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2018/02/931/506/2016-09-29T202748Z_1_LYNXNPEC8S1M1_3_COSTCO-RESULTS-2.jpg?ve=1&tl=1)
Warehouse club retailer Costco Wholesale Corp reported a 1.6 percent rise in quarterly profit.
Net income rose to $779 million, or $1.77 per share, in the fourth quarter ended Aug. 28, from $767 million, or $1.73 per share, a year earlier.
(Reporting by Sruthi Ramakrishnan and Abhijith Ganapavaram in Bengaluru; Editing by Shounak Dasgupta)