Why Best Buy Is Tanking

08/22/2012 10:28 am ET | Updated Oct 22, 2012
  • The Daily Beast

Missing your Wall Street estimates is bad. Seeing your earnings decline is worse. And reporting a profit slump of 92 percent is, well, what big-box electronics retailer Best Buy did Tuesday morning. The shocking news sent the beleaguered company's stock spiraling to a nine-year low.

Read more on The Daily Beast


Best Buy