NEW YORK (TheStreet) -- Best Buy (BBY - Get Report) fell in pre-market trading Tuesday after the electronics retailer reported mixed second-quarter earnings and a decline domestic stores open at least a year.
The company reported adjusted earnings per share of 44 cents, which handily beat the Zacks Consensus Estimate of 31 cents. Revenue declined year-over-year to $8.9 billion from $9.27 billion and came up short of the consensus estimate of $8.97 billion.
Best Buy also posted a 2% sales decline in domestic stores open at least a year. This is an important measurement of a retailer's status because it does not factor in figures from stores that recently opened or closed.
The stock was down 4.41% to $30.58 in pre-market trading.Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. BBY data by YCharts
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.