Best Buy reports strong Q2, ups outlook, hits e-commerce, omnichannel stride

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Best Buy reported solid second quarter results and produced online sales growth of 31.2 percent on the strength of mobile.

The company reported second quarter earnings of 67 cents a share (69 cents a share non-GAAP) on revenue of $8.94 billion, up from $8.53 billion a year ago. Wall Street was expecting earnings of 63 cents a share on revenue of $8.66 billion.