Best Buy (BBY) Reports Q4 Adj-EPS of $1.61, Beats by 21c; Guides FY10
BBY Hot Sheet
Revenue Growth %: +6.0%Financial Fact:
Diluted (in shares): 381.4M
Today's EPS Names:
TARO, BRLI, TLB, More
Best Buy Co. Inc. (NYSE: BBY) reports Q4 non-GAAP EPS of $1.61, 21 cents better than the analyst estimate of $1.40. Revenue for the quarter was $14.72 billion, versus the consensus of $14.82 billion.
Q4 same stores sales came in at down 4.9%.
Sees FY10 EPS of $2.50-$2.90, versus the consensus of $2.47. Sees Fy10 sales of $46.5-$48.5 billion, versus the consensus of $48.05 billion. Expects to open 65 new stores in FY10. Sees FY10 comps flat to down 5%.
UPDATE: Traders are responding positively to the earnings report. Shares of Best Buy are currently trading about 15% higher, to $38.50.
Click here to view a summary of some highlights from the company's Q4 conference call.
Q4 same stores sales came in at down 4.9%.
Sees FY10 EPS of $2.50-$2.90, versus the consensus of $2.47. Sees Fy10 sales of $46.5-$48.5 billion, versus the consensus of $48.05 billion. Expects to open 65 new stores in FY10. Sees FY10 comps flat to down 5%.
UPDATE: Traders are responding positively to the earnings report. Shares of Best Buy are currently trading about 15% higher, to $38.50.
Click here to view a summary of some highlights from the company's Q4 conference call.
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