Tight cost controls boost Best Buy quarterly profit
Aug 20 (Reuters) - Best Buy Co Inc reported a higher quarterly profit on Tuesday as lower costs offset lackluster sales at the world's largest consumer electronics chain.
Net earnings rose to $266 million, or 77 cents a share, from $12 million, or 4 cents a share a year earlier. Excluding special items, the company earned 69 cents a share.
Sales fell 0.4 percent to $9.30 billion.