Best Buy joined the growing list of retailers being hammered after posting earnings. Despite putting up decent numbers, EPS of $0.36 Vs $0.35 estimate, the shares are down about -9% following a cautious outlook.
The company has a decent online presence but still operates expensive Amazon show rooms. The bigger surprise would be a positive reaction to Best Buy earnings. Retail continues to be a pressure point as we head into the holiday season.
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