Best Buy posts higher profit but outlook cautious
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Consumer electronics retailer Best Buy Co  reported a better-than-expected 52 percent jump in third-quarter profit on Tuesday on strong sales of laptops and video games, and raised its full-year earnings forecast.
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Best Buy Co., the nation's biggest consumer electronics retailer, said Tuesday its third-quarter profit jumped 52 percent, boosted by holiday shopping and sales of higher-ticket items such as flat-panel TVs.
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The company said third-quarter profit rose more than expected, boosted by higher aircraft deliveries, but it scaled back next yearâs forecast due to delays on its  787 Dreamliner.
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Best Buy Co Inc  cut its fiscal  2008 profit outlook on Friday, blaming in part  lower-than-expected sales growth in January.
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Best Buy Company Inc., the nation&#39;s largest electronics retailer, said on Wednesday that third-quarter earnings rose 21 percent, but gave hints that profits during the holiday selling season may not be quite what analysts were hoping for.
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Top U.S. electronics chain Best Buy Co. Inc.  on Wednesday reported higher quarterly profit due to expense control and higher gross margins, offsetting sluggish sales growth.
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Best Buy Co., the world&#39;s largest electronics retailer, said third-quarter earnings rose 21 percent, boosted by sales of digital televisions, cameras and MP3 music players.
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Supervalu Inc  posted higher quarterly profit on Tuesday, helped by lower employee-related costs and other expenses, but said consumer spending would continue to be pressured by inflation.
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Stocks were little changed on Tuesday as a dip in benchmark Treasury bond yields tempered interest-rate worries, but earnings from Best Buy raised concerns about the health of consumer spending.
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MINNEAPOLIS - Best Buy Company Inc. said on Wednesday that third-quarter earnings rose 21 percent, but gave hints that profits during the holiday selling season may not be quite what analysts were hoping for.
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Texas Instruments Inc posted a higher fourth-quarter profit and gave an outlook that reassured investors who were worried the weak U.S. economy would hurt demand for its wireless and analog chips.
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The retailer reports strong earnings and lifts its outlook.
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Wal-Mart Stores Inc. , the world's biggest retailer, on Tuesday reported higher quarterly profit, meeting Wall Street expectations, and said it was optimistic about the rest of the year.
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Electronic Data Systems Corp. , the world's second-largest technology services provider, on Monday posted a higher-than-expected quarterly profit thanks to cost cutting, but revenue fell and it forecast 2005 earnings would fall short of Wall Street estimates.
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Consumer electronics retailer Best Buy Co  reported a better-than-expected 52 percent jump in quarterly profit on Tuesday and raised its full-year earnings forecast.
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Investors will get a first look at whether early strong holiday sales for electronics are translating into higher profits when Best Buy Co. Inc.  reports its quarterly results next week.
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Electronic Data Systems Corp.  on Monday posted a higher-than-expected profit thanks to cost cutting, but it forecast 2005 earnings would fall short of analysts' estimates as it hopes to bring back growth by investing &#36;1 billion in key areas this year.