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Best Buy reports 3d-quarter loss, stock falls

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Best Buy had another dismal quarter, posting a $10 million loss just as the crucial holiday season revs up. Adjusted for restructuring charges, the company earned 3 cents per share, below expectations. Revenue fell 4 percent to $10.75 billion. The results were “clearly unsatisfactory,’’ said chief executive Hubert Joly, the turnaround expert who was hired in August to lead Best Buy.

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