Top U.S. consumer electronics chain Best Buy Co
The retailer, which has steadily gained market share after main rival Circuit City closed its doors, said net profit fell to $158 million, or 37 cents a share, in the second quarter that ended on August 29, from $202 million, or 48 cents a share, a year earlier.
Excluding a tax impact, the profit was 40 cents a share, a penny below analysts' average forecast of 41 cents a share.
Best Buy, whose total revenue rose 12 percent to $11.0 billion in the quarter, raised its outlook for the fiscal year.
The retailer's stock was down 3.8 percent at $38.86 in trading before the opening bell.
(Reporting by Dhanya Skariachan in Bangalore, editing by Dave Zimmerman)