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

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

87 views

“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.” …”

 

Full report

Talks have ended with Schulze

Comments are closed.