Best Buy reports 1Q EPS increase

MINNEAPOLIS Best Buy reported net earnings of $179 million, or 43 cents per diluted share, for its fiscal first quarter ended on May 31, an increase of 10%, compared with 39 cents per diluted share, or $192 million, for the prior-year first quarter.

The company reported that comparable-store sales increased 3.7%

Total quarterly revenue increased 13% $9 billion.