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Best Buy shares fall 10% as company cuts forecast, cites weaker demand


Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois.

Scott Olson | Getty Images

Best Buy on Wednesday cut its forecast for the year, saying it has seen weaker demand for consumer electronics amid inflation.

Shares of the company fell 10% in after market trading.

This story is developing. Please check back for updates.

Etiknews Staff
Etiknews Staffhttp://etiknews.com
Etiknews is dedicated to Ethical and sustainable business news.
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