November 20, 2014 / 12:21 PM / 3 years ago

Best Buy profit doubles as U.S. sales rise

Nov 20 (Reuters) - Best Buy Co Inc, the largest U.S. consumer electronics retailer, said quarterly profit nearly doubled as operating costs fell.

The company said net income attributable to shareholders rose to $107 million, or 30 cents per share, in the third quarter ended Nov. 1, from $54 million, or 16 cents per share, a year earlier.

Total revenue rose slightly to $9.38 billion from $9.32 billion.

Reporting by Ramkumar Iyer in Bangalore and Nandita Bose in Chicago; Editing by Joyjeet Das

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