Best Buy Co., Inc. (BBY) Reports Mixed Q4 Results; Guides FY13; to Close 50 US Sites

March 29, 2012 8:03 AM EDT
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Best Buy Co., Inc. (NYSE: BBY) reported Q4 EPS of $2.47, $0.31 better than the analyst estimate of $2.16. Revenue for the quarter came in at $16.6 billion versus the consensus estimate of $17.22 billion.

Comps down 2.4 percent.

Sees FY13 adj-EPS of $3.50-$3.80, vs. the consensus estimate of $3.70. Sees sales of $50-$51 billion, which compares to the Street estimate of $51.88 billion.

Announced it will be closing 50 US Best Buy cites.

For earnings history and earnings-related data on Best Buy Co., Inc. (BBY) click here.

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