Best Buy shares were climbing in morning trading Tuesday after the Richfield, Minn.-based electronics retailer beat top- and bottom-line earnings expectations for its second quarter. Earnings of $0.57 per share for the period topped consensus estimates by about 33% while sales of $8.5 billion beat forecasts by about 2%. CEO Hubert Joly said in a statement that Best Buy booked “better-than-expected revenue and profitability in both our Domestic and International businesses,” highlighting “continued positive momentum” in online sales.
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