Best Buy Beats Views On Q1 Earnings, Misses On Sales

By | May 22, 2014

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Consumer electronics retailer Best Buy early Thursday posted first-quarter earnings that beat Wall Street’s expectations, but sales continued to be weak, missing views. Still, Best Buy (BBY) stock was up 5% in early trading on the stock market today as investors focused on the company’s improved profitability and market-share gains. Best Buy earned 33 cents a share excluding items, on sales of $9.04 billion, in the quarter ended May 3. Analysts Scalper1 News

Scalper1 News