Best Buy (BBY) Positive Consumer Electronics Comp Seen as Good Sign - Deutsche Bank

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Go back to Best Buy (BBY) Positive Consumer Electronics Comp Seen as Good Sign - Deutsche Bank

Best Buy Co., Inc. (BBY) Tops Q2 EPS by 13c; Comps Fell 2.7%

August 26, 2014 7:00 AM EDT

Best Buy Co., Inc. (NYSE: BBY) reported Q2 EPS of $0.44, $0.13 better than the analyst estimate of $0.31. Revenue for the quarter came in at $8.9 billion versus the consensus estimate of $8.99 billion.

Comps fell 2.7 percent.

Hubert Joly, Best Buy president and CEO, commented, "In the second quarter, we delivered $8.9 billion in revenue and $0.44 in non-GAAP diluted earnings per share versus $0.32 last year. The ongoing benefits of our Renew Blue cost reduction and other SG&A cost... More