Best Buy beats quarterly same-store sales expectation; shares jump 5.5%
Share:
(Reuters) - Best Buy Co Inc beat market expectations for quarterly same-store sales and forecast strong earnings in the holiday quarter on Tuesday, as the consumer electronics retailer's after-sale services helped pull in more customers into stores. Shares of the company rose 5.5% in premarket trading as overall same-store sales rose 1.7% in the third quarter ended Nov. 2, beating analysts' average estimate of a 1.3% increase, according to IBES data from Refinitiv.The company forecast fourth..