Best Buy’s shares rose on Thursday as the nation’s largest consumer electronics chain posted a smaller-than-expected sales decline for the fiscal fourth quarter, signaling that the bottom of spending for gadgets may be in sight.

Best Buy Co. posted stronger-than-expected profits, but reported a deeper-than-expected drop in revenue for the fiscal third quarter as shoppers continue to pull back on buying gadgets in an uncertain economy.

Best Buy sales and profits slid in the second quarter as the nation’s largest consumer electronics chain continues to wrestle with a pullback in spending on gadgets after Americans splurged during the pandemic.

Best Buy posted declines in fiscal second-quarter profits and sales as the nation’s largest consumer electronics chain struggled with weakening consumer demand for gadgets and high costs that rippled through its supply chain.

Best Buy has cut its annual sales and profit forecast, citing surging inflation that has dampened consumer spending on gadgets.

Best Buy Co. has posted first-quarter results that showed shoppers pulled back on their spending and higher costs ate into profits.

Best Buy reported a shortfall in sales for the holiday quarter as the nation’s largest electronics chain struggled with limited supplies of holiday products and was forced to reduce store hours because of a shortage of workers due to omicron.

Best Buy Co.’s shares tumbled after the nation’s largest consumer electronics chain posted a decline in gross profit margin for the fiscal third quarter, citing organized theft and increased promotions compared to a year ago.

Best Buy Co. is raising its full-year sales outlook after the nation’s largest consumer electronics chain posted fiscal second-quarter results that beat analysts’ projections.