Subscribe Register Login

Tuesday, September 16, 2014, 8:30 p.m.
Top Picks - Mobile App

Best Buy returns to profit in 4th quarter

By The Associated Press

This article was published February 27, 2014 at 11:09 a.m.

MINNEAPOLIS — Best Buy returned to a profit in the fourth quarter and topped Wall Street expectations as it cut costs to offset declining sales.

The electronics and appliances retailer says it gained market share during the quarter and shares jumped 6 percent in premarket trading Thursday.

Net income after paying preferred dividends totaled $293 million, or 83 cents per share. That compares with a loss of $409 million, or $1.21 per share last year. Revenue fell 3 percent to $14.47 billion from $14.92 billion. Analysts expected revenue of $14.67 billion.

Read tomorrow's Arkansas Democrat-Gazette for full details.

Comments on: Best Buy returns to profit in 4th quarter

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Carriers

    carriers wanted This is the perfect time to become a Democra...
    Little Rock, AR

  • Student outreach co.

    Student Support/Outreach CoordinatorThe Lyon College APPLE P...
    BATESVILLE, AR

  • Property preservatio

    carpenter needed. Must supply own tools & truck. Light to me...
    BENTON, AR

  • Elem. teacher

    Cossatot River School District is accepting applications for...
    WICKES, AR

  • Welder/fitter

    welder/fitterlr Mfg. Plant seeks a welder/fitter to join our...
    LITTLE ROCK, AR

Search 872 jobs >

Top Picks - Mobile App
Arkansas Online