Best Buy down on cautious holiday sales guidance

By | November 19, 2015

Scalper1 News

Consumer electronics retailer Best Buy (BBY) sank Thursday after posting mixed fiscal 2016 third-quarter results and giving disappointing holiday sales guidance. The Richfield, Minn.-based company earned 41 cents a share excluding items on sales of $8.82 billion for the quarter ended Oct. 31. Analysts polled by Thomson Reuters had expected Best Buy to earn 35 cents a share on sales of $8.84 billion. On a year-over-year basis, earnings per share Scalper1 News

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