Best Buy Co Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - Best Buy Co Inc. (BBY) reported a profit for its first quarter that rose from the same period last year.

The company's bottom line totaled $595 million, or $2.32 per share. This compares with $159 million, or $0.61 per share, in last year's first quarter.

Analysts had expected the company to earn $1.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 36.0% to $11.64 billion from $8.56 billion last year.

Best Buy Co Inc. earnings at a glance:

-EPS (Q1): $2.23 vs. $0.67 last year. -Analysts Estimate: $1.37 -Revenue (Q1): $11.64 Bln vs. $8.56 Bln last year.