Best Buy results sink electronics shares

A weaker-than-expected quarterly profit from electronics bellwether Best Buy Co Inc (BBY.N) led to a decline in shares across multiple platforms.

The retailer attributed tepid demand for televisions and entertainment hardware and software to its weakness in the domestic segment.

Sony Corp (SNE.N), maker of the PlayStation game platform as well as flat-screen TVs, saw its U.S.-listed shares fall 0.9 percent to $35.55. Video game retailer GameStop Corp (GME.N) shed 1.9 percent to $21.51.

U.S.-listed shares of flat-screen maker LG Display Co Ltd (LPL.N) lost 0.9 percent to 18.12.

Read Full Article from Reuters

- Posted: 2010-12-14 10:38:59

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