Best Buy forecasts upbeat quarterly sales on steady gadgets demand; shares up
Răzvan Țupa
May 28 : Best Buy on Thursday forecast second-quarter sales above Wall Street estimates after beating quarterly expectations on steady smartphone and gaming console demand as well as growth in its ads and marketplace channels. Shares of the U.S. electronics retailer rose 8 per cent in early trading. They are down about 10 per cent over the past 12 months. CEO Corie Barry is set to step down at the end of October and will be succeeded by Jason Bonfig, a company veteran who is expected to focus
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