BEST BUY TROUNCES WALL STREET EXPECTATIONS

Best Buy Co. on Thursday reported fiscal first-quarter earnings of $265 million. The Richfield, Minnesotabased company said it had net income of 98 cents per share. Earnings, adjusted for amortization costs, came to $1.02 per share. The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.