Inside these posts: TV sales

Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.

 

Best Buy shares tank 15% on weaker sales

Top consumer electronics chain Best Buy Co. Inc. reported lower-than-expected quarterly profit on a surprise drop in sales at established stores and a decline in its U.S. market share.

The lackluster report from the retailer seen as a bellwether in consumer electronics pushed its shares down 14.5 percent in morning trading and cast a shadow on the strength of the recovery in the consumer-driven U.S. economy.

Get the full story »