Piper Jaffray Downgrades Best Buy (BBY) to Neutral
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Best Buy Reports Better-Than-Expected Fourth Quarter Earnings
February 25, 2016 7:01 AM ESTNon-GAAP Diluted EPS from Continuing Operations Increased 3% to $1.53
GAAP Diluted EPS from Continuing Operations Decreased 5% to $1.39
Domestic Segment Revenue Decreased 1.5%
Repurchased $615 million in Stock for a Fiscal 2016 Total of $1 billion
MINNEAPOLIS--(BUSINESS WIRE)-- Best Buy Co., Inc. (NYSE: BBY) today announced results for the fourth quarter (Q4 FY16) and year ended January 30, 2016 (FY16), as compared to the fourth quarter (Q4 FY15) and year ended January 31, 2015 (FY15).
                Q4 FY16   Q4 FY15   FY16   FY15 Enterprise revenue ($ in millions)   $13,623   $14,209   $39,528   $40,339 Domestic segment   $12,507   $12,697   $36,365   ... More