Even when other retailers are suffering, Best Buy can these days be counted on to perform. The consumer electronics retailer has been a standout in the retail sector and a model for how to fight e-commerce giant Amazon.com Inc. It proved that again Thursday, reporting earnings above estimates in a week when other retailers have been disappointing investors. Best Buy reported first-quarter adjusted earnings of $1.02 a share, above analysts’ estimates of 86 cents a share, and revenue of $9.14 billion, in line with estimates....

Source: Wall Street Journal May 23, 2019 16:14 UTC