Best Buy 2Q profit beats estimates, but revenue misses : Best Buy 2Q profit beats estimates, but revenue misses
NEW YORK - Best Buy Co. reported a sales shortfall for the fiscal second quarter and trimmed its annual sales forecast, blaming uncertainty surrounding an escalating trade war with China heading into the holiday shopping season.
Shares of the retailer fell 8% in afternoon trading Thursday.
"It is difficult to factor in the uncertainty related to overall customer buying behaviour," said Best Buy's newly appointed CEO Corie Barry during a call with analysts on Thursday. "It is hard to ...