Empresas y finanzas

Costco posts higher second-quarter profit on tax benefit

(Reuters) - Costco Wholesale Corp reported a higher quarterly profit, due to a tax benefit related to its special cash dividend last month.

Costco, the third-largest U.S. retailer, said net income rose to $598 million, or $1.35 per share, for the second quarter ended Feb. 15, from $463 million, or $1.05 per share a year earlier.

Total revenue, which includes membership fees, rose 4.3 percent in the quarter to 27.45 billion.

(Reporting by Nathan Layne and Ismail Shakil in Bengaluru; Editing by Gopakumar Warrier)

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