Best Buy Under Pressure after Poor RadioShack Earnings

Shares of electronics-retailer Best Buy

are seeing some pressure during Tuesday's trading session. The move can be a sympathy trade with RadioShack

after RadioShack announced preliminary fourth quarter results which did not meet analysts' estimates. RadioShack announced yesterday they expect earnings per share to be in a range between $0.11 to $0.13, which compares to current analysts' consensus EPS estimates of $0.37. Revenues are expected to be $1.39 billion, which is above current consensus revenue estimates of $1.35 billion. Comparable store sales for company-operated stores is expected to increase around 2% for Q4. Best Buy operates in a similar market as RadioShack, so investors are being cautious with Best Buy after RadioShack missed its quarter and lowered guidance. Currently, shares of Best Buy are trading down about 5% at $24.04.