Photographer: David Paul Morris/Bloomberg

Best Buy Rallies After Shoppers Snap Up Phones and Home-Theater Gear

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  • Third-quarter sales overcome Samsung recall, shipping delays
  • Performance gives investors confidence in Joly turnaround plan

Best Buy Co. rose after third-quarter earnings topped projections, with strong demand for mobile phones and home-theater equipment helping it overcome recalls of Samsung products and delayed shipments of appliances.

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