Best Buy raises profit and sales expectations before Black Friday after strong third quarter. Comparable-store sales up 2.7%, driven by computing, gaming, and mobile phones. Shares rise nearly 3% before opening bell. Company navigates uncertain economic environment amid Trump tariffs on imports.

Best Buy reports net income of $140 million, or 66 cents per share, for the three-month period ending Nov. 1. Adjusted earnings at $1.40 per share. Sales increase to $9.67 billion, beating expectations. Company raises earnings per share forecast for current year to $6.25-$6.35 per share.

Consumer sentiment sags, impacted by recent 43-day federal shutdown. Shoppers cautious, lured by discounts. Inflation persists, but Best Buy and others absorb increases. Company forecasts comparable sales up 0.5%-1.2% for the year, a positive change from initial projections of a 1% decline.

Read more at Yahoo Finance: Best Buy ups sales outlook heading into holiday shopping season