Best Buy Earnings Plunge 90 PercentAugust 21, 2012 By Stephen Silver
The results missed analyst estimates, the AP reported.
Revenue dropped 3.2 percent at domestic stores open more than 13 months. The company listed tablets, mobile phones, appliances and E-readers as growth categories, while declines were seen in gaming, digital imaging, televisions and notebooks.
The results came a day after Hubert Joly was named the company's next CEO, amid a much-publicized takeover attempt by company founder Richard Schulze.