NEW YORK ( TheStreet) -- Best Buy ( BBY) will be in focus Thursday when the electronics retailer opens the books on its fourth quarter. Best Buy is expected to post a profit of $1.79 a share, which would be up from earnings of $1.61 a share in the year ago quarter. Sales are expected to top $16 billion in the quarter, which would be a year-over-year increase of 8%. In addition to Best Buy, ConAgra ( CAG) and McCormick ( MKC) will report quarterly results before the start of trading. After Thursday's closing bell, several other names will post quarterly numbers, including Oracle ( ORCL), Accenture ( ACN) and Finish Line ( FINL). On the economic front, the Labor Department will post initial jobless claims data for last week at 8:30 a.m. EDT. Economists are predicting a small decrease in new claims, down to 450,000 from 457,000 the week before. The parade of appearances by Federal Reserve members will continue Thursday, with Chairman Ben Bernanke set to appear before the House Financial Services Committee to speak about exit strategy. Bernanke had been scheduled to appear on Capital Hill on Feb. 10, although the hearing was delayed due to inclement weather. Cleveland Fed President Sandra Pianalto will also speak Thursday. -- Written by Robert Holmes in Boston. Follow Robert Holmes on Twitter and become a fan of TheStreet.com on Facebook.