Shares of Best Buy (BBY) Up 15% on Solid Q3 Earnings
Tweet
Share
E-mail
Get Alerts BBY Hot Sheet
Price: $90.51 -0.54%
EPS Growth %: +5.7%
Financial Fact:
Operating income: 881M
Today's EPS Names:
OCCI, IPX, ALZN, More
EPS Growth %: +5.7%
Financial Fact:
Operating income: 881M
Today's EPS Names:
OCCI, IPX, ALZN, More
Join SI Premium – FREE
Shares of Best Buy (NYSE: BBY) are trading at fresh session highs, currently up 15.5%, or $3.65, to $27.13. The stock is surging on better-than-expected Q3 earnings and maintained FY09 guidance.
As the company issued a FY09 warning on November 12, many investors were worried that Best Buy's Q3 would not meet Street expectations given the recent drastic slowdown in consumer spending. However, based on the stock's reaction this morning, Best Buy has clearly delivered once again.
Best Buy Co., Inc., together with its subsidiaries, operates as a specialty retailer of consumer electronics, home office products, entertainment software, appliances, and related services primarily in the United States, Canada, and China.
As the company issued a FY09 warning on November 12, many investors were worried that Best Buy's Q3 would not meet Street expectations given the recent drastic slowdown in consumer spending. However, based on the stock's reaction this morning, Best Buy has clearly delivered once again.
Best Buy Co., Inc., together with its subsidiaries, operates as a specialty retailer of consumer electronics, home office products, entertainment software, appliances, and related services primarily in the United States, Canada, and China.
You May Also Be Interested In
- Best Buy (BBY) files for debt offering
- Best Buy Canada Selects RELEX to Optimize Forecasting and Replenishment
- KB Home (KBH) Tops Q3 EPS by 16c
Create E-mail Alert Related Categories
Earnings, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
