Tuesday, June 19, 2007

Best Buy post disappointing quarterly profit

(Reuters) - NEW YORK, June 19 - Top U.S. consumer electronics retailer Best Buy Co. Inc. on Tuesday posted a weaker-than-expected quarterly profit, dragged down by sales of lower margin products such as notebook computers and video game consoles.



Shares of Best Buy, whose rivals include Circuit City Stores , Tweeter Home Entertainment Group as well as Wal-Mart , slipped in early trade after the company also forecast a full year profit that also fell short of Wall Street analysts views.


Read more at Reuters.com Market News

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