Subscribe Register Login

Wednesday, April 16, 2014, 5:46 a.m.
Top Picks - Arkansas Daily Deal

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

  • Teachers

    Cross County School District has openings for the following ...
    CHERRY VALLEY, AR

  • Systems analyst

    systems analyst (Little Rock, AR & client sites) Design & de...
    LITTLE ROCK, AR

  • Forestry workers

    48 temporary . 4/08/14-1/15/15. All applicants must be able ...
    PRATTSVILLE, AR

  • Human resource/customer service

    Growing company in Prairie Grove, Arkansas is seeking a dyn...
    PRAIRIE GROVE, AR

  • Heavy equipmet opera

    experienced workers needed Heavy Equipment Operators, Utilit...
    LITTLE ROCK, AR

Search 733 jobs >

Top Picks - Arkansas Daily Deal
Arkansas Online