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Best Buy earnings top estimates but retailer’s stock tumbles amid weakening demand, shipping bottlenecks

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Best Buy earnings top estimates but retailer’s stock tumbles amid weakening demand, shipping bottlenecks

Best Buy’s fiscal third-quarter earnings beat estimates on Tuesday, yet shares tumbled as investors worried about rising shipping costs and weaker demand for consumer electronics.
Shares fell more than 10% in premarket trading.
Here’s what the company did…

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