(Reuters) - CHICAGO, June 27 - Best Buy Co Inc. said on Wednesday that it would open more North American stores than previously planned, buy back $5.5 billion in stock and raise its dividend by 30 percent. Shares of Best Buy, the top U.S. consumer electronics retailer, rose 2.2 percent in early electronic trading.
The plan comes after Best Buy reported quarterly earnings last week that missed analyst estimates by a wide margin and gave a disappointing full-year forecast as television sales cooled.
Read more at Reuters.com Bonds News
The plan comes after Best Buy reported quarterly earnings last week that missed analyst estimates by a wide margin and gave a disappointing full-year forecast as television sales cooled.
Read more at Reuters.com Bonds News
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