Costs cuts boost Best Buy's quarterly profit
Feb 27 (Reuters) - Best Buy Co Inc, the world's largest consumer electronics chain, on Thursday reported a quarterly profit on lower costs.
Net earnings from continuing operations were $310 million, or 88 cents a share, in the fourth quarter ended on Feb. 1, compared with a net loss of $461 million, or $1.36 a share, a year earlier.
Excluding special items, the company earned $1.24 a share.
Analysts on average were looking for a profit of $1.01 a share, according to Thomson Reuters I/B/E/S.
- Dallas Ebola patient vomited outside apartment on way to hospital |
- Global stocks succumb to growth fears; ECB trillion euro question awaits
- Israel's Netanyahu to Obama: Don't allow Iran deal that leaves it at nuclear threshold
- Hong Kong warns democracy protesters of firm response |
- Islamic State committing 'staggering' crimes in Iraq: U.N. report