Best Buy reports its quarterly results on Thursday and analysts have cut their expectations by 40 percent amid stiff competition from Amazon. Analysts are looking for earnings of $0.20 cents a share…down more than $0.10 cents a share from a year ago. Revenue expectations are equally as low at $9.2 billion, representing a decline in sales of almost 2-percent. Investors will be looking for increased sales in their online business, which will be a key performance highlight. Along with, whether or not Best Buy is attracting customers away from Walmart with its lower price points. Best Buy is continuing to focus on its multi-platform presence going forward.
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