Consumer electronics retailer Best Buy (BBY) early Tuesday warned that its earnings will take a hit this quarter as it prices aggressively to keep pace with competitors such as Amazon.com (AMZN) and Wal-Mart (WMT). The Richfield, Minn.-based company posted fiscal third-quarter results that beat Wall Street forecasts on earnings and matched on sales. But Best Buy stock was down 9% in morning trading on the stock market today as investors reacted to
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Best Buy Warns Price Competition To Hit Q4 Profit