This morning, Best Buy (NYSE:BBY) reported second quarter earnings of $266 million, or 77 cents per share, as revenue fell slightly to $9.3 billion. Excluding one-time items, the company earned 32 cents per share, easily topping Wall Street estimates of just 12 cents per share. Revenue at stores open at least a year fell just 0.6% -- much better than the 3.3% decline analysts were expecting. On Tuesday morning, shares of Best Buy were higher by more than 9% and setting a new 52 week high.
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