Best Buy (BBY) PT Lowered to $60 at UBS; Reiterates Neutral

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Go back to Best Buy (BBY) PT Lowered to $60 at UBS; Reiterates Neutral

Best Buy Announces Regular Quarterly Cash Dividend

August 30, 2017 8:00 AM EDT

MINNEAPOLIS--(BUSINESS WIRE)-- The Board of Directors of Best Buy Co., Inc. (NYSE: BBY) has authorized the payment of a regular quarterly cash dividend of $0.34 per common share. The quarterly dividend is payable on October 10, 2017, to shareholders of record as of the close of business... More

Best Buy Reports Better-than-Expected Second Quarter Results

August 29, 2017 7:00 AM EDT

Enterprise Comparable Sales Increased 5.4%

GAAP Diluted EPS of $0.67 Increased 20%

Non-GAAP Diluted EPS of $0.69 Increased 21%

MINNEAPOLIS--(BUSINESS WIRE)-- Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter ended July 29, 2017 (Q2 FY18), as compared to the second quarter ended July 30, 2016 (Q2 FY17). The company reported GAAP diluted earnings per share from continuing operations of $0.67, an increase of 20% from $0.56 in Q2 FY17. Non-GAAP diluted earnings per share from continuing operations were $0.69, an increase of 21% from $0.57 in Q2 FY17.

              Q2 FY18   Q2 FY171 Revenue ($ in millions)2         Enterprise   $8,940... More