Best Buy's adjusted earnings per share for the fourth quarter were $2.61, compared to $2.58 in the same period last year, with market expectations at $2.46.
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The same-store sales in the United States declined by 0.8% year-on-year in the fourth quarter, compared to a growth of 0.2% in the same period last year, with the market expecting a growth of 0.24%. Total revenue for the fourth quarter was $13.81 billions, down 1% year-on-year, while the market expected $13.88 billions. The gross margin for the fourth quarter was 20.9%, unchanged from the same period last year, with the market expecting 20.8%. Best Buy's US stock rose more than 13% in pre-market trading.
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