RICHFIELD, Minn. (AP) _ Best Buy Co. (BBY) on Thursday reported fiscal fourth-quarter net income of $745 million.

On a per-share basis, the Richfield, Minnesota-based company said it had profit of $2.84. Earnings, adjusted for amortization costs, were $2.90 per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.76 per share.

The consumer electronics retailer posted revenue of $15.2 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $15.09 billion.

For the year, the company reported profit of $1.54 billion, or $5.75 per share. Revenue was reported as $43.64 billion.

For the current quarter ending in May, Best Buy expects its per-share earnings to range from $1 to $1.05.

The company said it expects revenue in the range of $9.1 billion to $9.2 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $9.26 billion.

Best Buy expects full-year earnings in the range of $6.10 to $6.30 per share, with revenue ranging from $43.3 billion to $44.3 billion.

Best Buy shares have dropped slightly more than 6% since the beginning of the year, while the Standard & Poor's 500 index has fallen 3.5%. The stock has risen 36% 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

Automated Insights, source Associated Press News