Best Buy, Earnings | featured news

Best Buy's worse-than-expected second-quarter earnings may provide ballast for the company's founder and his hope to buy it back. But the results also raise the question of whether the struggling retailer has time to turn itself around, in public or in private.

Best Buy's profit fell 30% as same-store sales continued to slide. The electronics retailer also revised its full-year earnings view.

Best Buy's earnings jumped 61% as the retailer rebounded from a weakened year-earlier quarter on higher revenue and margins.