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Best Buy Remains Firmly Negative After Initial Sell-Off

After gapping open sharply lower, shares of Best Buy (BBY) continue to see significant weakness in afternoon trading on Thursday. Best Buy is currently down by 7.6 percent after hitting its worst intraday level in well over a month.

The initial sell-off by Best Buy came after the consumer electronics retailer reported better than expected first quarter results but provided earnings guidance toward the low end of analyst estimates.

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