NEW YORK (TheStreet) -- Best Buy (BBY) shares are up 5% to $37.32 in early market trading on Thursday after the electronics retailer reported its third quarter earnings results before the opening bell today.
The company reported a 2.2% rise in comparable store sales, much better than the 2% drop analysts were expecting the company to report today.
Net sales for the quarter were up 0.5% to $9.38 billion, better than the $9.1 billion analysts were expecting for the period. The company also earned $107 million during the period, or 32 cents per diluted share on an adjusted basis, ahead of analysts' expectations of 25 cents per diluted share.
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