(Reuters) - Analysts, on average, had been expecting a loss of 32 cents a share, according to Reuters Estimates.
The results come one day after Best Buy Co. Inc. reported quarterly earnings that missed analysts' estimates by a wide margin and gave a disappointing full-year forecast as TV sales cooled. The results and a weak earnings forecast cast new doubts on U.S. consumer spending trends, weighing on its rivals' shares and the U.S. stock market as a whole.
Read more at Reuters.com Business News
The results come one day after Best Buy Co. Inc. reported quarterly earnings that missed analysts' estimates by a wide margin and gave a disappointing full-year forecast as TV sales cooled. The results and a weak earnings forecast cast new doubts on U.S. consumer spending trends, weighing on its rivals' shares and the U.S. stock market as a whole.
Read more at Reuters.com Business News
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