Best Buy Reports Third Quarter Results

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Go back to Best Buy Reports Third Quarter Results

Morgan Stanley Expects Holiday Boost on Best Buy (BBY) Following Industry Slowdown; Reiterates Overweight

November 20, 2015 10:45 AM EST

Morgan Stanley reiterated an Overweight rating on Best Buy (NYSE: BBY), and cut the price target to $37.00 (from $40.00), following the company's 3Q earnings report. EPS came in at $0.41, $0.06 better than consensus. Earnings quality was subpar as gross margin was unexpectedly helped by quasi-temporary warranty... More

Best Buy (BBY) PT Trimmed at Jefferies But 'Buy' Maintained

November 20, 2015 9:39 AM EST

Jefferies analyst, Daniel Binder, highlighted Best Buy (NYSE: BBY) as a favorite retail name as it outperforms the industry and experiences robust growth online. It is one of the few retailers that saw an acceleration in online growth in Q3.

Each... More

Best Buy (BBY) Tops Q3 EPS by 6c; Tot. Comps Growth Lagged Expectations

November 19, 2015 7:01 AM EST

Best Buy (NYSE: BBY) reported Q3 EPS of $0.41, $0.06 better than the analyst estimate of $0.35. Revenue for the quarter came in at $8.82 billion versus the consensus estimate of $8.86 billion.

CEO Hubert Joly continued, In the Domestic business, our comparable sales, excluding the impact of installment billing, increased... More