Wednesday, April 4, 2007

UPDATE 1-Best Buy quarterly profit rises

(Reuters) - ATLANTA, April 4 - Best Buy Co. reported an 18.5 percent rise in fourth-quarter profit on Wednesday, helped by sales of flat-panel televisions.

Best Buy shares were up 1.8 percent in electronic composite trading after the results, compared with a 2.9 percent decline for rival Circuit City Stores , which reported a quarterly loss after taking charges tied to store closures.


Read more at Reuters.com Market News

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