Best Buy posts $194M in profits

Posted online November 17, 2016 | 12:36 pm

Best Buy, the nation's largest electronics retailer, improved its third-quarter net income to $194 million.

That's up from $125 million a year earlier. Share earnings came to 61 cents, above 36 cents per share in third-quarter 2015.

Sales at established stores rose 1.8 percent. Net sales moved up 1.4 percent to $8.95 billion.

Read more from Reuters.

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