Associated Press/Bebeto Matthews
Best Buy is down more than 5% in pre-market trading Thursday after reporting first-quarter results that beat on both the top and bottom lines, but included slowing digital sales. The company reported online-sales growth of 12%, a slow-down from from last year’s first-quarter growth of more than 22%.
The consumer-electronics store reported earnings of $0.82 per share, beating the $0.75 expected from analysts surveyed by Bloomberg. Revenue of $9.1 billion topped the estimated $8.74 billion. See the rest of the story at Business Insider
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