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Empresas y finanzas

Costs cuts boost Best Buy's quarterly profit


    (Reuters) - Best Buy Co Inc , the world's largest consumer electronics chain, on Thursday reported a quarterly profit on lower costs.

    Net earnings from continuing operations were $310 million, or 88 cents a share, in the fourth quarter ended on February 1, compared with a net loss of $461 million, or $1.36 a share, a year earlier.

    Excluding special items, the company earned $1.24 a share.

    Analysts on average were looking for a profit of $1.01 a share, according to Thomson Reuters I/B/E/S.

    (Reporting by Dhanya Skariachan; Editing by Lisa Von Ahn)