Best Buy earnings beat Wall Street's forecasts; retailer raises outlook

Best Buy (BBY) posted third quarter results that beat Wall Street estimates and raised its full-year outlook on Tuesday, setting the stage for the retailer as it heads into the crucial holiday shopping season. The retail chain reported same-store sales rose 2.7% in the third quarter, ahead of the 1.6% expected by analysts, according to Bloomberg data. Adjusted earnings per share came in at $1.40, ahead of the $1.30 expected, on revenue of $9.67 billion, more than the $9.58 billion analysts were looking fo ...