Best Buy Co. said second-quarter earnings fell below expectations but raised its profit and sales guidance for the year as the company said it gained market share.
Profit fell 22% to $158 million, or 37 cents a share, from $202 million, or 48 cents, a year earlier. Revenue rose 12% to $11 billion, boosted by gains from adding Best Buy Europe's revenue and the addition of 170 new stores in the last year.
