The big-box electronics retailer jumped after it released a profit forecast for 2020 that was better than what analysts had expected. Best Buy’s third-quarter profit and sales also beat estimates. The holiday shopping season starts Friday, and investors are worried about retailers’ financial performance—and their ability to compete with giants like (AMZN) (AMZN). Read More...
The big-box electronics retailer jumped after it released a profit forecast for 2020 that was better than what analysts had expected. Best Buy’s third-quarter profit and sales also beat estimates. The holiday shopping season starts Friday, and investors are worried about retailers’ financial performance—and their ability to compete with giants like (AMZN) (AMZN).
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