Sun Smiles on Schulze as Best Buy (BBY) Tests Investors' Patience
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UBS Comments on Best Buy (BBY)
November 21, 2012 2:16 PM ESTUBS maintained a Neutral rating on Best Buy (NYSE: BBY) and cut its price target to $12.50 (from $14.50).
Commenting on Best Buy's recent quarterly report, analysts said "With each passing quarter, it seems like BBY's array of challenges are becoming more intense."
... More
Dwindling Cash Flow at Best Buy (BBY) Has Some Analysts Questioning Takeover Interest
November 21, 2012 11:27 AM ESTBest Buy (NYSE: BBY) is seeing further pressure Wednesday following third-quarter results issued Tuesday morning. One interesting item is creeping up amid the retailer sinking to fresh decade lows: will founder Schulze still bite?
Analysts are mixed. Wedbush thinks the declining free cash flow (FCF) would make it less attractive to private equity firms while Raymond James comments that, other than pure valuation, it isn't sure... More
Best Buy (BBY) CEO Says Q3 Results Create "Sense of Urgency"
November 20, 2012 8:57 AM ESTShares of Best Buy (NYSE: BBY) traded lower early on Tuesday after the retailer reported a decline in fiscal Q3 earnings. Considering recent trends at the struggling company, a decline in earnings is nothing new, but Best Buy issued light 2013 free cash flow guidance of $850 million to $1.05 billion compared to $1.25 to $1.5 billion in August, which may have... More
Best Buy (BBY) Peers on Watch Following Weak Q3 Results, Outlook (HGG) (RSH) (WMT)
November 20, 2012 8:27 AM ESTAmid lower-than-expected third-quarter 2013 results from big box retailer Best Buy (NYSE: BBY) this morning, investors are hitting the exit button on the stock.
Briefly, Best Buy reported Q313 EPS of 3 cents and revs of $10.75 billion, versus expectations calling for EPS of 12 cents and... More
Best Buy (BBY) Cuts FY13 Free Cash Flow Outlook
November 20, 2012 8:04 AM ESTBest Buy Co., Inc. (NYSE: BBY) expects to generate free cash flow in the range of $850 million to $1.05 billion for fiscal 2013. This amount compares with the companys previously communicated range of $1.25 to $1.5 billion that had been provided on August 21, 2012.
The companys... More
Best Buy Co., Inc. (BBY) Posts Light Q3 EPS of 3c; Revs Heavy
November 20, 2012 8:01 AM ESTBest Buy Co., Inc. (NYSE: BBY) reported Q3 EPS of $0.03, versus the analyst estimate of $0.12. Revenue for the quarter came in at $10.753 billion versus the consensus estimate of $10.73 billion.
Comps down 4.3%.
For earnings history and earnings-related data on Best Buy Co., Inc. (BBY) click here.... More
