☰

Empresas y finanzas

Best Buy sales top estimates; outlook maintained


    NEW YORK (Reuters) - Best Buy Co Inc reported better-than-expected quarterly sales and maintained its outlook for the year, sending its shares up on Tuesday.

    The world's largest consumer electronics chain said its sales rose 2.1 percent to $11.61 billion, beating the analysts' average estimate of $11.52 billion.

    Net earnings fell to $161 million, or 47 cents a share, for the quarter ended May 5, from $255 million, or 64 cents a share, a year earlier. Excluding items, it earned 72 cents a share.

    The company maintained its fiscal 2013 outlook, seeing earnings of $3.50 to $3.80 a share, excluding restructuring costs.

    Shares rose 7.5 percent to $19.53 in premarket trading.

    (Reporting By Dhanya Skariachan; editing by Jeffrey Benkoe)