Third Quarter
Best Buy Reports 3Q Loss Of $10M
Best Buy Co. reported another dismal quarter on Tuesday, recording a loss in the third quarter, hurt by a continued sales slump and charges related to restructuring. Shares fell more than 11 percent in morning trading to its lowest level in more than a decade.
Target’s 3Q Profits Up 3.7 Percent
Target Corp. is reporting a 3.7 percent increase in third-quarter profits, helped by solid spending and improvement in its credit card business.
Low TV, Laptop Sales Hurt Best Buy’s 3Q
Best Buy Co.’s third-quarter net income fell more than expected as it lost sales of TVs and laptops to competitors. It also cut its full-year outlook Tuesday.
US Airways Posts 3Q Profit
US Airways posted a third-quarter profit on Wednesday and said it expects to hire more flight attendants next year.




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