Best Buy lowered its sales outlook for the rest of the year despite a positive quarterly earnings report.

<div class="block">Best Buy lowered its sales outlook for the rest of the year despite a positive quarterly earnings report.</div>

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Best Buy Lowers Sales Outlook For Rest of Year

Best Buy has lowered its sales outlook for the rest of the year. Now the move comes despite the company's latest quarterly earnings and revenue coming in ahead of analysts expectations. Best Buy. CEO says the company is expecting this year to be quote the low point in tech demand. Adding that she predicts stabilization and potential growth in the consumer electronics industry next year.