Best Buy posts higher profit
Consumer electronics retailer Best Buy Co reported a higher quarterly profit on Tuesday, aided by strong international results and demand for computing, home theater and video gaming products.
The company raised its full-year outlook to a range of $3 to $3.15 a share, from $2.95 to $3.15 previously.
Net earnings came to $250 million, or 55 cents a share, for the second quarter ended September 1, compared with $230 million, or 47 cents a share, a year earlier.
Analysts on average expected profit of 44 cents a share, according to Reuters Estimates.
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