Best Buy Co Inc. Bottom Line Climbs 38% In Q3

(RTTNews) - Best Buy Co Inc. (BBY) revealed earnings for its third quarter that advanced from last year.

The company said its bottom line came in at $198 million, or $0.62 per share. This was up from $144 million, or $0.41 per share, in last year's third quarter.

Analysts had expected the company to earn $0.47 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.5% to $8.95 billion. This was up from $8.82 billion last year.

Best Buy Co Inc. earnings at a glance:

-Earnings (Q3): $198 Mln. vs. $144 Mln. last year. -Earnings Growth (Y-o-Y): 37.5% -EPS (Q3): $0.62 vs. $0.41 last year. -EPS Growth (Y-o-Y): 51.2% -Analysts Estimate: $0.47 -Revenue (Q3): $8.95 Bln vs. $8.82 Bln last year. -Revenue Change (Y-o-Y): 1.5%

-Guidance: Next quarter EPS guidance: $1.62 - $1.67 Next quarter revenue guidance: $13.4 - $13.6 Bln Full year EPS guidance: $3.25 - $3.30