ELECTRONICS - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/ELECTRONICS News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) Best Buy quarterly profit tops estimates as costs cut http://www.sltrib.com/sltrib/money/58339119-79/buy-estimates-fell-profit.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58339119-79/buy-estimates-fell-profit.html.csp">Best Buy quarterly profit tops estimates as costs cut</a></h4> <span class="author vcard"><span class="fn">By Matt Townsend</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-08-26T12:34:02.172-06:00">Updated Aug 26, 2014 12:34PM MDT</span></h5> <div class ="entry-content">New York • Best Buy, the world’s largest electronics chain, posted second-quarter profit that topped analysts’ estimates, helped by lower costs. Revenue fell short in the period ended Aug. 2, hurt by weak demand for mobile phones. Same-store sales, a key measure of a retailer’s performance because new and closed stores are excluded, will decline by a “low single digit” rate in the third and fourth quarter, Richfield, Minnesota-based Best Buy said Tuesday in a statement. Chief Executive Hubert Jo...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58339119@www.sltrib.com Tue, 26 Aug 2014 12:34:02 MDT