US financial markets: Best Buy shares surge roughly 8.1% on a smaller-than-expected drop in Q4 sales.
Shares of Best Buy Co. rose almost 8.1 percent on Thursday after the consumer electronics store reported a smaller-than-expected revenue decline in the fiscal fourth quarter ended February 3. The quarter lasted until early February and encompassed the holiday season. The Richfield, Minneapolis-based corporation reported sales of $14.65 billion for the quarter, down from $14.73…