Retailer, Third Quarter Earnings | featured news

Best Buy Co. reported another dismal quarter on Tuesday, recording a loss in the third quarter, hurt by a continued sales slump and charges related to restructuring. Shares fell more than 11 percent in morning trading to its lowest level in more than a decade.

J.C. Penney Co. reported a bigger-than-expected loss in the third quarter on plummeting sales as customers continue to reject its move get rid of blockbuster sales in favor of everyday low pricing.

Wal-Mart Stores Inc. is reporting a 9.3 percent increase in third-quarter net income as the world's largest retailer benefits from cost controls and a robust international business.

Third-quarter earnings at the retailer fell 8.9 percent amid weak housing and renovation markets, but the retailer raised its full-year outlook.