(MENAFN) Best Buy Co. stated that net income in the second quarter of 2012 took a huge hit as it went down by 90 percent, reported AP.
Best Buy said that earning hot USD12 million in the second quarter, compared to USD128 million reported for the same quarter a year before.
Revenues on the other hand hit USD10.55 billion, thus registering a three percent decrease.
It is worth mentioning that the negative results affected the company's shares which fell ten percent accordingly.
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