A view of a Best Buy retail store on August 29, 2019 in San Bruno, California.
Justin Sullivan | Getty Images
Best Buy on Thursday reported fourth-quarter results that exceeded analysts’ expectations, driven by strong sales of headphones, appliances and other items over the holidays.
Shares were down 2% in premarket trading amid rising market worries about coronavirus.
Chief Financial Officer Matt Bilunas said Best Buy is monitoring the coronavirus outbreak and expects most of its impact to be in the first half of the year.
He said the retailer factored the coronavirus into its first-quarter and full-year guidance, but “we view this as a relatively short-term disruption that does not impact…
Source cnbc.com