Tuesday, September 13, 2011

Best Buy misses...

Electronics retailer Best Buy Co. said Tuesday that its fiscal second-quarter profit fell to $177 million, or 47 cents a share, from $254 million, or 60 cents, a year earlier.

Revenue in the quarter rose slightly to $11.35 billion from $11.34 billion.

Analysts surveyed by FactSet estimated profit of 52 cents a share on revenue of $11.47 billion.

Shares of Best Buy are opening down 0.60 to 24.35

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