Best Buy’s Annual Profit Forecast Trails Some Projections
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Best Buy Co., the world’s largest consumer electronics retailer, forecast full-year profit that trailed some analysts’ projections, citing economic challenges.
Excluding the effect of restructuring costs and stock buybacks, profit will be $3.30 to $3.55 a share, the Richfield, Minnesota-based company said today. Analysts on average projected $3.55, according to a Bloomberg survey.