Best Buy, the No. 1 U.S. electronics retailer, reported an unexpected decline in holiday-quarter same-store sales on Wednesday, hurt by weak demand for tablets, gaming consoles, wearable devices and mobile phones.
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The company's sales at stores open for more than a year fell 0.7 percent in the fourth quarter, widely missing analysts' average estimate of an increase of 0.5 percent, according to research firm Consensus Metrix.
The company's shares fell more than 9 percent in premarket trading.
(Reporting by Richa Naidu in Bengaluru; Editing by Savio D'Souza)
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