Best Buy Sales Not So Best; Stock Tumbles

Best Buy(BBY Quote) may have surpassed Wall Street's earnings expectations in the first-quarter, but sales at home are not looking so hot.

Shares of the company tumbled 4% to $37 in pre-market trading, after the electronic retailer said profit slipped 14.5%.

Profit during the quarter fell to $153 million, or 36 cents a share, from $179 million, or 43 cents, in the year-earlier period. Excluding restructuring charges, earnings were 42 cents a share, topping analysts forecast of 34 cents.

Revenue rose 12% to $10.1 billion, boosted by the inclusion of revenue from the European division and the addition of 185 new stores over the past year. ...