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The American owner of a large network of consumer electronics stores and related products, Best Buy, following the results of the third quarter, which ended November 3, reported a 4.3% annualized growth in sales in stores in the US having operated for at least 14 months. Experts had expected a less significant growth - by 3.7%. The quarterly net profit figure also increased - from $239 million last year to $277 million. Revenue increased by 2.9% and reached 9 billion 590 million dollars, while experts had predicted 9 billion 570 million dollars. Best Buy's quarterly sales, which have exceeded experts' forecasts, have enabled it to raise its annual profit forecast, which the company now expects in the range of 5 dollars 9 cents to 5 dollars 19 cents per share.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
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