Best Buy Announces Internal Succession Plan for Company's Chief Administrative and Chief Financial Officer

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Go back to Best Buy Announces Internal Succession Plan for Company's Chief Administrative and Chief Financial Officer

Wedbush Remains Bearish on Best Buy (BBY) Following 1Q Review

May 25, 2016 8:01 AM EDT

Wedbush maintained an Underperform rating and $20.50 price target on Best Buy (NYSE: BBY) following a review of the company's 1Q. Revenue was $8.44 billion vs. the consensus of $8.29 billion, and guidance of $8.25 8.35 billion. Non-GAAP EPS was $0.44 vs. the consensus of $0.35, and guidance of $0.31 0.35. Results... More

Citi Downgrades Best Buy (BBY) to Neutral

May 24, 2016 7:54 AM EDT

Citi downgraded Best Buy (NYSE: BBY) from Buy to Neutral.

For an analyst ratings summary and ratings history on Best Buy click here. For more ratings news on Best Buy click here.

Shares of Best Buy closed at $33.00 yesterday.

... More

Best Buy (BBY) Tops Q1 EPS by 9c; Comps Outpace Views

May 24, 2016 7:03 AM EDT

Best Buy (NYSE: BBY) reported Q1 EPS of $0.44, $0.09 better than the analyst estimate of $0.35. Revenue for the quarter came in at $8.44 billion versus the consensus estimate of $8.29 billion.

Comps fell 0.1%, versus a 1.6 percent drop expected.

Our teams delivered a strong first quarter, with better-than-expected revenue, improved profitability and progress against our fiscal 2017 initiatives, said Best Buy Chairman and CEO Hubert Joly. We are reaffirming our previously provided full year financial outlook which includes approximately flat revenue and non-GAAP operating income, with non-GAAP EPS growth driven by share repurchases. Although we are reporting... More