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WHAT'S DOWN: Best Buy Co. says its second-quarter profit slid 19 percent, falling to $202 million, or 48 cents per share, for the three months ending Aug. 30.
WHAT'S UP: Despite the falling profit, revenue grew 12 percent to $9.8 billion as shoppers bought more flat-panel TVs, laptops and cell phones. And same-store sales, or sales at established stores, increased 4.2 percent.
WHAT'S NEXT: The company says it plans to cut costs for things like nonessential travel while targeting its advertising as it tries to hit its full-year targets.
© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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 | Best Buy 2Q profit slides 19 percent | Associated Press | Mon Sep 15 | 0 |
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