Tuesday, August 29, 2017

Best Buy Lifts FY18 Forecast As Q2 Results Top Estimates

Electronics retailer Best Buy Co., Inc. on Tuesday said it has lifted forecast for fiscal 2018 after reporting higher results in its second quarter, above analysts' estimates, on higher-than-expected comparable sales. For the third quarter, the company projects earnings and revenues above market view. In pre-market activity on the NYSE, Best Buy shares were gaining 4.8 percent.

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