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Tag Archives: best buy

Best Buy Misses Estimates

16-Sep-09

U.S. consumer electronics chain giant, Best Buy Co. Inc., was once again reminded today, as it released its second quarter (Q02 2009) results, that consumers moved away from buying a variety of non-essential items – including electronics – during the recession. Best Buy missed estimates, after reporting that net profit dropped to US$158M in Q02 [...]

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Best Buy Disappoints Investors

17-Jun-09

Best Buy Co. Inc disappointed investors after unveiling profits that were weak compared to expectations. Earnings Per Share fell to US$0.36 in the fiscal first quarter through May, compared with US$0.42 YOY. The company said that it was able to increase its footing in the consumer electronics market following the closure of its main competitor, [...]

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Best Buy Fourth Quarter Profit Drops

26-Mar-09

MINNEAPOLIS (AP) — Best Buy, the world’s largest consumer electronics retailer, says fourth-quarter profit fell 23 percent on some charges but adjusted results beat analysts’ estimates as sales climbed on new store openings….

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