Best Buy Profit Soars 52%
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The companyâs third-quarter profit beat expectations, lifted by an extra week of holiday shopping and sales of video game consoles and GPS devices.
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Retailer Lowe&#039;s Cos.  onMonday  topped estimates with a 44 percent rise in first-quarter  profit, its biggest gain in three years, as it picked up market  share in appliances and outdoor power equipment.
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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.
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The company reported profit of $5.83 billion for the year as demand for its upscale sedans and SUVs led to a surge in sales.
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If you&#39;re looking for holiday cheer in the somewhat somber retail sector, try Best Buy (BBY:NYSE - news - research). The Minnesota-based electronics retailer Wednesday posted a sharply higher third-quarter
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Best Buy Co. Inc.  reported quarterly earnings on Tuesday that missed analyst estimates by a wide margin and gave a disappointing full-year forecast as television sales cooled.
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Best Buy Co. Inc.  on Tuesday reported quarterly earnings that missed analysts' estimates by 28 percent and gave a disappointing full-year forecast as lower-margin products like notebook computers and video game consoles made up a greater percentage of sales.
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Retailer Best Buy Co  reported  better-than-expected quarterly earnings on Tuesday, helped by  strong international results and demand for notebook computers,  flat-panel televisions and video games, pushing its shares up  about 5 percent.
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Coles Myer Ltd., Australia&#39;s biggest retailer, said full-year profit rose 44 percent after boosting sales, cutting costs and increasing earnings at its department stores.
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By CHRIS WILLIAMS  MINNEAPOLIS - Discounting took a bite out of Best Buy's third quarter earnings. The nation's largest consumer electronics retailer said Tuesday that fierce competition forced it to sacrifice profit for market share, but all should be well in the fourth quarter.
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Consumer electronics retailer Best Buy Co  reported a better-than-expected 52 percent rise 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. Inc.  said on Wednesday that it would open more North American stores than previously planned, buy back $5.5 billion in stock and raise its dividend 30 percent.
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Aided by strong international growth and better-than-expected back-to-school sales, eBay reported robust third-quarter earnings Wednesday as profit surged 77 percent over last year.
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EBay Inc. reported Wednesday that second-quarter profit surged 50 percent, easily beating Wall Street expectations thanks to strong sales on online auctions, the automobile classified section and e-commerce sites such as shopping.com.
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The company said its profit rose 56 percent to $1.45 billion in the fourth quarter as oil prices surged.
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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.
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Best Buy Co Inc.  on Tuesday  said its quarterly profit rose 22 percent, boosted by new store  openings and sales of high-priced electronics, like flat-panel  televisions.