Best Buy reported fiscal second-quarter earnings grew 61% despite a decline in consumer traffic. But shoppers bought more per purchase. The results took many by surprise, especially with the company also boosting guidance, ar traffic. But shoppers bound shares shot up 8% in premarket trading.
Continue reading Best Buy Beats Earnings Estimates and Raises Its Outlook
Best Buy Beats Earnings Estimates and Raises Its Outlook originally appeared on DailyFinance on Tue, 14 Sep 2010 08:28:00.
Filed Under: Company News, Investing, Earnings, Stocks in the News, Best Buy