Best Buy beat Wall Street estimates for revenue and earnings in its fiscal second quarter but maintained its full-year forecast due to tariff uncertainty, according to CNBC. The retailer reported adjusted earnings of $1.28 per share on revenue of $9.44 billion, topping expectations of $1.21 per share and $9.24 billion in revenue. Net income fell to $186 million from $291 million a year earlier. Comparable sales rose 1.6%, its strongest growth in three years. Best Buy CEO Corie Barry said the company is trending toward the high end of its sales range but kept annual guidance of $41.1 billion to $41.9 billion in revenue and adjusted EPS of $6.15 to $6.30. CFO Matt Bilunas warned of a potential third-quarter slowdown as shoppers delay purchases until holiday sales. Shares closed down 3.7% Thursday aand are down 15% year to date.
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