•Best Buy Profit Misses Analysts' Estimates (Revenue and Profit Plunge)

Discussion in 'Stocks' started by ByLoSellHi, Sep 15, 2009.

  1. [​IMG]

    Sept. 15 (Bloomberg) -- Best Buy Co., the world’s largest electronics retailer, said second-quarter profit fell 22 percent as sales of digital cameras, video games and DVDs declined.

    Net income dropped to $158 million, or 37 cents a share, in the three months ended Aug. 29, from $202 million, or 48 cents, a year earlier, the Richfield, Minnesota-based company said today in a statement. Analysts projected a 42-cent profit, the average of estimates compiled by Bloomberg...

  2. Wow, someone gave BestBuy a one star rating AFTER they missed badly.

    Kick a company while they're down, why don'tcha?