New Delhi, Feb. 29 -- Shares of Best Buy Co. soared nearly as much as 8.1 per cent on Thursday as the consumer electronics retailer posted a smaller-than-expected sales decline in the fiscal fourth quarter ended February 3. The quarter ran through early February and included the holiday season.
The Richfield, Minneapolis-based company reported sales at $14.65 billion for the quarter, down from the $14.73 billion a year ago.
Its net income stood at $460 million, or $2.12 per share, in the fourth quarter as compared to a profit of $495 million, or $2.23 per share, in the year-ago period.
Its adjusted per share results stood at $2.12, below the analysts' expectations.
Comparable sales - business from its stores and its online channels - ...
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