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Stock impact report

Best Buy earnings beat Wall Street's forecasts; retailer raises outlook [Yahoo! Finance Canada]

Best Buy Co., Inc. (BBY) 
Last best buy co., inc. earnings: 2/27 07:00 am Check Earnings Report
Best Buy ( BBY ) posted third quarter results that beat Wall Street estimates and raised its full-year outlook on Tuesday, setting the stage for the retailer as it heads into the crucial holiday shopping season. The retail chain reported same-store sales that rose 2.7% in the third quarter, ahead of the 1.6% expected by analysts, according to Bloomberg data. Adjusted earnings per share came in at $1.40, ahead of the $1.30 expected, on revenue of $9.67 billion, more than the $9.58 billion analysts were looking for. Best Buy said Tuesday it expects same-store sales for the full year to grow in the 0.5%-1.2% range, up from the previously expected range of a 1% decline to a 1% increase. Shares of Best Buy rose 3% in premarket trading after the results were released. Best Buy Co., Inc. (BBY) Its US same-store sales rose 2.4%, while online same-store sales rose 3.5%, and international same-store sales jumped 6.3%. All three were an improvement from last year, when sales fell acro Show less Read more
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