Bad Credit Loans - Best Buy tops estimates

NEW YORK (CNNfn) - Consumer electronics retailer Best Buy Inc. reported higher fiscal second-quarter earnings Tuesday, a penny ahead of Wall Street expectations, on strong sales of high-margin items such as DVD players and other digital products.
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Second-quarter sales rose 31 percent to $4.2 billion from $3.2 billion. The company attributed much of the sales gain to the addition of 66 stores in the past 12 months as well as sales from the Musicland group.

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The company also reported above-plan sales at Musicland, the troubled retail chain that Best Buy acquired earlier this year.
Best Buy said sales in the entertainment software and consumer electronics product categories increased faster than sales in the home office category, which is principally made up of lower-margin personal computers.
Selling and general administrative expenses increased to 19.2 percent of sales in the quarter compared with 16.8 percent in the year-earlier quarter, primarily reflecting the addition of Musicland, the company said.