Best Buy Co Inc. Bottom Line Advances 19% In Q3

(RTTNews) - Best Buy Co Inc. (BBY) revealed earnings for its third quarter that increased compared to the same period last year.

The company said its bottom line rose to $144 million, or $0.41 per share. This was up from $121 million, or $0.34 per share, in last year's third quarter.

Analysts had expected the company to earn $0.35 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.3% to $8.82 billion. This was down from $9.03 billion last year.

Best Buy Co Inc. earnings at a glance:

-Earnings (Q3): $144 Mln. vs. $121 Mln. last year. -Earnings Growth (Y-o-Y): 19.0% -EPS (Q3): $0.41 vs. $0.34 last year. -EPS Growth (Y-o-Y): 20.6% -Analysts Estimate: $0.35 -Revenue (Q3): $8.82 Bln vs. $9.03 Bln last year. -Revenue Change (Y-o-Y): -2.3%