RICHFIELD, Minn. (AP) _ Best Buy Co. (BBY) on Tuesday reported fiscal third-quarter profit of $391 million.

On a per-share basis, the Richfield, Minnesota-based company said it had net income of $1.48. Earnings, adjusted for restructuring costs and amortization costs, were $2.06 per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.

The consumer electronics retailer posted revenue of $11.85 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $11.02 billion.

Best Buy shares have increased 39% since the beginning of the year, while the Standard & Poor's 500 index has increased 11%. The stock has increased 69% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BBY at https://www.zacks.com/ap/BBY

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