Best Buy Co. said on Tuesday its fiscal second-quarter net income fell 30 percent as consumers hit the pause button on buying electronics, particularly TVs and smartphones, while fears about the global economy persist.
Net income fell to $177 million, or 47 cents per share, for the three months ended Aug. 27, down from $254 million or 60 cents, last year. Revenue edged up to $11.35 billion from $11.34 billion.
