Best Buy's Quarterly Sales Fall 2.3%

Reuters

Best Buy Co Inc (NYSE:BBY), the largest U.S. consumer electronics chain, reported a 2.3 percent fall in quarterly revenue, hurt by weak sales of tablets and mobile phones and lower services revenue. The net income attributable to shareholders rose to $125 million, or 36 cents per share, in the third quarter ended Oct. 31 from $107 million, or 30 cents per share, a year earlier. [ID:nBw7D10nka] Revenue fell to $8.82 billion from $9.03 billion.

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