CER 0.00% 32.0¢ centro retail group

best buy profit tops expectations

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    Good results just out from CER's no 8 tenant in the US (pg 24 supplemental)


    Best Buy profit tops expectations

    NEW YORK (MarketWatch) -- Best Buy Co. /quotes/comstock/13*!bby/quotes/nls/bby (BBY 43.80, -1.57, -3.46%) , the largest U.S. electronics chain, said Tuesday that its fiscal third-quarter profit surged to $227 million, or 53 cents a share, from $52 million, or 13 cents, a year earlier. Sales in the quarter ended Nov. 28 rose 5% to $12 billion from $11.5 billion. Analysts, on average, estimated Best Buy would earn 43 cents a share on sales of $12 billion, according to FactSet. Best Buy raised its full-year profit forecast excluding items to $3 to $3.15 a share. It had projected $2.70 to $3 a share previously.
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