Best Buy (BBY) shares rallied 7% in premarket trading Thursday after the company posted better-than-expected third-quarter results and raised its full-year forecast.Comparable store sales declined less than expected, as discounts helped keep customer traffic flowing to Best Buy stores.
Lenovo, a Chinese company, reported an increase of 4% in operating profit for the quarter ending September, compared to the same period last year.
Lenovo Group Ltd.'s earnings increased by 6% after the company relied on cost reductions and new businesses to weather an unprecedented slump in global computing demand.