Best Buy (BBY) shares were dropping 6.34% in pre-market trade to $40.76 as the retailer warned of a tough holiday period. It reported net income of $54 million or 16 cents per share in the third quarter compared with a with a loss of $10 million or 3 cents per share in the prior corresponding period.
As the country's biggest home-improvement retailer, Home Depot (HD) beat expectations in reporting revenue of $1.35 billion or 95 cents per share. This compares to $947 million or 63 cents per share a year ago. The company lifted its full-year forecast and its shares were up 3.30% in pre-market trade to $82.30.