best buy revenue

The retailer's latest quarter was another disaster. Revenue rose by less than 2% to $12.1 billion. Earnings, adjusted for a one-time restructuring charge, fell to $0.47 a share, well below both last year's figure and analysts' target. Here's why Best Buy's future isn't going to be any easier than its recent past.

A renewed focus at Best Buy (BBY) on hot-selling gadgets and a larger presence in China pushed the retailer's first-quarter results beyond what Wall Street had expected, vaulting shares as much a 7 percent higher Tuesday. Yet even as industry analysts lauded the nation's largest specialty...

Best Buy shares are plunging in pre-market trading after the giant retailer reported lower-than-expected earnings and slashed its guidance for the full year.

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.