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Best Buy: Big Q4 EPS Beat; Strong Guidance; Stock Jumps

in News on March 26, 2009 at 7:00 am PT

Best Buy this morning reported sharply higher-than-expected profits for its fiscal fourth quarter ended Feb. 28. For the quarter, the last large national electronics retailer posted revenue of $14.724 billion, a bit below the Street consensus at $14.8 billion. But adjusted EPS of $1.61 a share nicely beat the Street at $1.40 a share.