Best Buy forecasts strong holiday-quarter profit; shares jump 5%
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(Reuters) - Best Buy Co Inc forecast fourth-quarter profit above Wall Street estimates on Tuesday, pointing to hopes of strong demand in the crucial holiday shopping season and sending the shares of the biggest U.S. tech retailer up nearly 5%.Big retailers Target Corp and Walmart Inc have also forecast a strong holiday quarter, which can account for as much as 40% of annual sales for U.S. retailers.Best Buy said it expected fourth-quarter adjusted earnings of $2.65 to $2.75 per share, largely..