Best Buy Profits Jump 52 Percent
AP:
Electronics retailer Best Buy Co. said Tuesday its third-quarter profit jumped 52 percent, boosted by an extra week of holiday shopping and sales of higher-margin items such as video game consoles and GPS devices.
The nation's biggest consumer electronics retailer raised its guidance for the full year, but it implied fourth-quarter earnings would be below analyst expectations.
Best Buy shares dropped $1.93, or 3.8 percent, to $49.21 in morning trading Tuesday.







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First Posted: 12-18-07 11:51 AM | Updated: 03-28-08 02:45 AM