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Best Buy Beats Street Estimates, but Shares Fall

Best Buy posted quarterly results that topped Wall Street expectations, but shares still declined in premarket trading.

The consumer-electronics company posted earnings of 33 cents a share, excluding one-time items, on sales of $9.04 billion. Analysts had expected the company to report earnings of 20 cents a share on $9.21 billion in revenue, according to a consensus estimate from Thomson Reuters.

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