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Growth in Best Buy Co. quarterly Profits
(MENAFN) Best Buy shares raised 19% after the retailer reported quarterly profits higher than expected, helped by stronger online sales and a housing recovery that sparked demand.
The largest US electronics retailer raised its fiscal earnings and reported an increase in sales at stores open at least a year.
Moody's analyst Charlie O'Shea said: "Given the heavily promotional July environment due to Amazon's Prime Day and Wal-Mart's steady diet of competing offers, Best Buy's online results stand out."
The largest US electronics retailer raised its fiscal earnings and reported an increase in sales at stores open at least a year.
Moody's analyst Charlie O'Shea said: "Given the heavily promotional July environment due to Amazon's Prime Day and Wal-Mart's steady diet of competing offers, Best Buy's online results stand out."
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