Best Buy Co Inc. Earnings Climb 10% In Q1

(RTTNews) - Best Buy Co Inc. (BBY) revealed a profit for its first quarter that advanced compared to the same period last year.

The company said its bottom line rose to $144 million, or $0.44 per share. This was higher than $131 million, or $0.37 per share, in last year's first quarter.

The company said revenue for the quarter fell 1.4% to $8.44 billion. This was down from $8.56 billion last year.

Best Buy Co Inc. earnings at a glance:

-Earnings (Q1): $144 Mln. vs. $131 Mln. last year. -Earnings Growth (Y-o-Y): 9.9% -EPS (Q1): $0.44 vs. $0.37 last year. -EPS Growth (Y-o-Y): 18.9% -Revenue (Q1): $8.44 Bln vs. $8.56 Bln last year. -Revenue Change (Y-o-Y): -1.4%

-Guidance: Next quarter EPS guidance: $0.38 - $0.42 Next quarter revenue guidance: $8.35 - $8.45 Bln