Best Buy Q2 earnings up 8.7%

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Best Buy Q2 earnings up 8.7%

Best Buy, the nation’s largest consumer electronics retailer, said second-quarter profits rose 8.7% on strong international results and tighter spending controls. The profit of $250 million, or 55 cents per share, easily beat the 44 cents per share predicted by analysts surveyed by Thomson Financial. During the same quarter last year Best Buy earned $230 million, or 47 cents per share.

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