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Tuesday, November 20, 2012

Engadget: Best Buy posts $13 million loss in fiscal Q3 on lowered $10.75 billion in revenue

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Engadget
Engadget
Best Buy posts $13 million loss in fiscal Q3 on lowered $10.75 billion in revenue
Nov 20th 2012, 13:19

Best Buy retail store

Best Buy had warned that its fiscal third quarter wouldn't be great, and the company clearly isn't putting on any rose-tinted glasses. Its revenue declined year over year from $11.15 billion to $10.75 billion, and it swung from $173 million in profit on continuing operations last fall to $13 million in losses.

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Written by Hasloo Network staff.