Earnings

Best Buy Forecasts Profit Miss, CFO to Step Down

Best Buy forecast current-quarter profit below analysts' estimates, partly due to a disruption in supply of some high-margin products after an earthquake in Japan, and the company said its chief financial officer was stepping down.

Wal-Mart Beats Expectations; Stock Jumps

Wal-Mart Stores Inc on Thursday reported a higher-than-expected quarterly profit as increased drug prices and solid demand for basic apparel items boosted sales, and its shares jumped more than 7 percent.