Best Buy Co Inc. Q4 adjusted earnings Beat Estimates

(RTTNews) - Best Buy Co Inc. (BBY) released earnings for its fourth quarter that increased from last year.

The company's profit totaled $735 million, or $2.69 per share. This compares with $364 million, or $1.23 per share, in last year's fourth quarter.

Analysts had expected the company to earn $2.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.6% to $14.80 billion from $15.36 billion last year.

Best Buy Co Inc. earnings at a glance:

-EPS (Q4): $2.72 vs. $2.42 last year. -Analysts Estimate: $2.57 -Revenue (Q4): $14.80 Bln vs. $15.36 Bln last year.