RICHFIELD, Minn. (AP) — RICHFIELD, Minn. (AP) — Best Buy Co. (BBY) on Tuesday reported fiscal third-quarter net income of $263 million.

The Richfield, Minnesota-based company said it had net income of $1.21 per share. Earnings, adjusted for non-recurring costs and amortization costs, were $1.29 per share.

The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.

The consumer electronics retailer posted revenue of $9.76 billion in the period, falling short of Street forecasts. Eleven analysts surveyed by Zacks expected $9.88 billion.

Best Buy expects full-year earnings in the range of $6 to $6.30 per share, with revenue in the range of $43.1 billion to $43.7 billion.

Best Buy shares have fallen 15% since the beginning of the year, while the S&P's 500 index has risen 18%. The stock has fallen 5.5% in the last 12 months.

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