Tuesday, December 14, 2010

Best Buy Down, Weighs on Sector

Best Buy Down, Weighs on Sector
As expected, the electronics retailer Best Buy (BBY) opened the day down, falling $ 5.89, more than 14% to $ 35.81 in early trading. The company saw a 4.4% decline in quarterly profit, and market share erosion and weak flat-screen television and video game store sales decline in demand.

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