With no hot new products to attract customers, consumer-electronics sales are expected to decline in the next two quarters, Best Buy executives said Thursday. Best Buy (BBY) will continue to focus on improving profitability and making market-share gains, Best Buy CEO Hubert Joly told analysts. Early Thursday, the consumer-electronics retailer posted fiscal Q1 profit that beat Wall Street expectations, but sales missed views. Best Buy earned 33
User growth accelerated at the Chinese microblogging site Weibo, but majority stakeholder Sina missed Wall Street’s profit forecast and both companies gave lighter-than-expected outlooks. Both stocks were down in after-hours trading Wednesday. Weibo (WB) late Wednesday said that daily active users in Q1 climbed 37% to 66.6 million, topping 36% growth in Q4 and ending a five-quarter run of declining growth in that key metric. Q1 monthly active
The second of the so-called three waves of the online higher-education field gained more prominence in March with the IPO of 2U. These second-wave companies, which help schools with the tough task of bringing their courses online, offer “Schooling-as-a-Service,” says Josh Jarrett, a former Bill & Melinda Gates Foundation higher-education officer. As those companies pick up steam, they “are maturing enough to be investable,” says Jarrett, who is