RICHFIELD, Minn. (AP) _ Best Buy Co. (BBY) on Tuesday reported fiscal second-quarter earnings of $306 million.

On a per-share basis, the Richfield, Minnesota-based company said it had profit of $1.35. Earnings, adjusted for restructuring costs and amortization costs, were $1.54 per share.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.

The consumer electronics retailer posted revenue of $10.33 billion in the period, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $10.24 billion.

Best Buy shares have dropped 27% since the beginning of the year, while the S&P's 500 index has declined 15%. The stock has decreased 37% 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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