Tuesday, August 29, 2017

Best Buy ups profit and sales outlook on strong 2Q results

In this Monday, May 22, 2017, photo, Edward Calixto walks out of a Best Buy store with his purchased LED TV, in Hialeah, Fla. Best Buy Co., Inc. reports earnings, Tuesday, Aug. 29, 2017. (AP Photo/Alan Diaz) Best Buy raised its full-year profit and revenue outlook on Tuesday as the nation's largest consumer electronics chain delivered second-quarter results that beat Wall Street estimates.

The results offer strong signs that Best Buy Co. has been able to fight off online leader Amazon.com as well as increasing competition from Walmart.. . . more

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