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BEST BUY REPORTS 3Q RESULTS THAT EXCEED WALL STREET VIEWS

Best Buy Co. reported fiscal third-quarter results that blew through analysts’ expectations as the nation’s largest consumer electronics retailer enjoyed surging demand for items like home theater and appliances that help people learn, cook, work and connect in their homes during the pandemic.

The Richfield, Minnesota-based retailer, said that third-quarter profits rose 33% while sales were up 21%.

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