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Stock impact report

Why Best Buy Stock Slipped Today [The Motley Fool]

Best Buy Co., Inc. (BBY) 
Last best buy co., inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: The Motley Fool
Jeremy Bowman (TMFHobo) Author Bio Fool since 0. I write about consumer goods, the big picture, and whatever else piques my interest. Follow me on to see my latest articles, and for commentary on hot topics in retail and the broad market. Follow @tmfbowman What happened Shares of Best Buy NYSE:BBY The stock was down as much as 6.% during the trading session but closed down .% as the market surged in the last 0 minutes. Image source: Best Buy. So what In the key holiday quarter, Best Buy said comparable-store sales rose .%, driving overall revenue up .7% to $. billion, beating estimates at $.0 billion. Gross margin in the quarter fell from .% to .% due to a shift to lower-margin products and as it absorbed the impact of tariffs on goods from China. But the electronics retailer Touting the company's th straight quarter of comps growth, CEO Corie Barry said, "We offered compelling holiday deals that resonated with customers and provided a seamless shopping experience, great inventory av Show less Read more
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