Best Buy rises after upbeat annual revenue forecast

Shares of Best Buy BBY.N up 2.4% at $77.45

Co raises annual revenue forecast betting on strong holiday demand for its discounted products

Now expects annual comparable sales to rise in the range of 0.5% to 1.2%, compared with prior expectation of a 1% drop to a 1% rise

BBY also forecasts adjusted profit-per-share of $6.25 to $6.35 vs prior target of $6.15 to $6.30

Co beats estimates for third quarter comparable sales

Up to last close, stock down about 11% YTD