Best Buy Shares Down 15.7% On Earnings And Revenue Miss (BBY)

Shares of Best Buy Co., Inc. BBY are currently down 15.7% at $35.17 per share during Tuesday afternoon trading. Early on Monday morning Best Buy Co. reported 3rd quarter net earnings of 54 cents per share, on revenue of $11.89 billion. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 61 cents per share, on revenue of $12.47 billion. Today's trading range for shares of Best Buy Co., Inc has been between $34.25 and $36.15 per share. The consensus price target of analysts covering the company's stock was $46.82 per share. Volume of 55 million shares is nearly 10 times the daily average volume of 5.8 million shares. Read more from Benzinga's Company news.