“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.” …”
If you enjoy the content at iBankCoin, please follow us on Twitter