$BBY Reoprts Better Than Expected Earnings and That Talks for a Buyout are Over

“NEW YORK (MarketWatch) — Electronics retailer Best Buy Co. BBY +6.34% said Friday its fourth-quarter loss narrowed to $409 million, or $1.21 a share, from $1.82 billion, or $5.17 a share, a year earlier. Revenue inched up to $16.71 billion from $16.67 billion a year earlier. Excluding items, adjusted profit was $1.64 a share, the company said. Analysts, on average estimated Best Buy would earn $1.54 a share on sales of $16.3 billion, FactSet data showed. The company didn’t give forecasts for this year, but said the first quarter will be “under significant pressure.” …”

 

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Talks have ended with Schulze

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