May 22 Best Buy Co Inc reported a
bigger-than-expected 1.3 percent fall in quarterly same-store
sales in the United States, hurt by lower sales of mobile phones
and higher competition from online retailers.
Analysts on average had expected same-store sales to fall
0.9 percent, according to research firm Consensus Metrix.
Net income attributable to Best Buy was $461 million, or
$1.31 per share, in the first quarter ended May 3, compared with
a loss of $81 million, or 24 cents per share, a year earlier.
Total revenue fell 3.3 percent to $9.04 billion.
(Reporting by Siddharth Cavale in Bangalore; Editing by Maju