Shares of Best Buy (BBY) are jumping on Thursday after the company's second quarter results topped Wall Street estimates on both the top and bottom lines. The electronics retailer also raised its profit guidance, forecasting full-year adjusted earnings per share in the range of $6.10 to $6.35, up from a prior range of $5.75 to $6.20.

Morning Brief Anchors Brad Smith and Alexandra Canal break down the latest development for Best Buy and what it could mean for the company moving forward.

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This post was written by Nicholas Jacobino