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Best Buy posts higher profit
A Best Buy store in Westminster, Colorado June 27, 2007. Consumer electronics retailer Best Buy Co posted a higher-than-expected third-quarter profit on Tuesday on strong sales and raised its full-year earnings forecast.
Credit: Reuters/Rick Wilking
ATLANTA |
ATLANTA (Reuters) - Consumer electronics retailer Best Buy Co (BBY.N) posted a higher-than-expected third-quarter profit on Tuesday on strong sales and raised its full-year earnings forecast.
Third-quarter earnings came to $228 million, or 53 cents a share, compared with $150 million, or 31 cents a share, a year earlier.
(Reporting by Karen Jacobs; editing by John Wallace)
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