Best Buy Tops Estimates on Earnings and Revenue, Prompting Higher Outlook for 2017 Sales Growth

Best Buy Tops Estimates on Earnings and Revenue, Prompting Higher Outlook for 2017 Sales Growth

US electronics retailer Best Buy (BBY) posted earnings and revenue higher than Wall Street analysts’ expectations, driven by computing products and mobile phones. That prompted the firm to raise its fiscal third-quarter and full year revenue forecast. Non-GAAP net earnings in the second quarter ended July 29 totaled $214 million, or $0.69 per share, compared with $183 million or $0.63 per share, a year earlier, the company said on Tuesday. […]

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