Best Buy Posts Higher Than Expected Q2 Profits

Posted: Sep 14 2010, 7:22am CDT | by , in News | Black Friday 2018


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Best Buy released their Q2 earnings today.

Best Buy surprised today with higher than expected profits for their fiscal second quarter. According to Market Watch, Best Buy's profit rose ot $254m from $158 last year for the quarter. More importantely the consumer electronics retailer raised the forecast for the full year.

It looks like Best Buy is confident that the coming holiday shopping season will be successful for them. Best Buy played their cards pretty well in the past Black Friday sales season. I expect them again to be one of the stores online and offline to watch for great consumer electronics deals.

It is still unclear what products will drive the lion share of sales during Black Friday 2010. Yesterday we identified a 3D TV that most likely will be a Black Friday favorite. More Black Friday news.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
Luigi can be contacted directly at ml[@]




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