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Citigroup Downgrades BBY To Sell
Friday, March 25, 2011 - 6:15am | 51Analysts at Citigroup downgrade Best Buy Co Inc (NYSE: BBY) from “hold” to “sell.” The target price for BBY has been lowered from $36 to $27. BBY shares dipped 5.40% to close at $30.13 yesterday. More Analyst Ratings here
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Best Buy Was The Worst Buy At The Open
Thursday, March 24, 2011 - 2:33pm | 101Best Buy Inc.(NYSE: BBY) is a leading retail stock that was trading higher at the open after reporting earnings. Many in the financial media this morning were touting the stock as a buy before the opening bell at the New York Stock Exchange. This stock has sold off sharply lower throughout the...
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Best Buy Hitting New Lows (BBY)
Thursday, March 24, 2011 - 12:33pm | 43After initially trading higher in the wake of the company's Q4 earnings report, shares of Best Buy (NYSE: BBY) are washing out. The stock has hit a new intra-day low at $30.54, down 4.11% on the session.
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GameStop Fails To Impress (GME)
Thursday, March 24, 2011 - 11:50am | 149Struggling video game retailer GameStop (NYSE: GME) released its Q4 earnings results on Thursday prior to the opening bell. The Grapevine, Texas based company reported net earnings of $237.8 million, or $1.56 per share, compared to $215.9 million, or $1.29 per share, in the year ago quarter. This...
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Best Buy Now Lower After Earnings (BBY)
Thursday, March 24, 2011 - 11:28am | 123After Best Buy (NYSE: BBY) released its earnings this morning, the stock initially got a pop at the open, trading up more than 3%. Currently, however, the shares are down around 2% at $31.30. The company reported Q4 adjusted earnings per share of $1.98 compared to analysts' consensus estimates of $...
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Options Brief: GameStop Corp. (GME)
Thursday, March 24, 2011 - 10:08am | 91Shares of GameStop Corp. (NYSE: GME) are higher on the session by 2.75%, trading at $21.69. Overall call volume is now running at 2.55x the daily average, with 44% of all calls traded being purchases on the offer. 8,492 contracts have traded on the session so far. GameStop Corp. is a retailer of...
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News Summary
Thursday, March 24, 2011 - 9:33am | 246Shares of ConAgra Inc (NYSE: CAG) gained about 1% after the company reported its FQ3 profit at $214.8 million, or $0.50 per share, compared with $229.6 million, or $0.51 per share, in the year-earlier period. The company's sales increased 4.1% to $3.15 billion. However, analysts were expecting...
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Best Buy (BBY) Shows Us That Markets Are Numb
Thursday, March 24, 2011 - 8:38am | 294Best Buy (BBY) is showing us that markets can really remain irrational much longer than anyone (including governments) can stay solvent.In a world Trading up 4% in the pr-market, investors appear not to notice the statement by management that the outlook for the next quarter was guided down by 10%...
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GameStop Reports EPS $1.56 Vs. $1.55 Est.; Comps +2.6% (GME)
Thursday, March 24, 2011 - 8:32am | 17GameStop Reports EPS $1.56 Vs. $1.55 Estimate; Same-Store Sales +2.6% (NYSE: GME)
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Gamestop Reports EPS of $1.56 vs. $1.56; Revenues $3.69B vs. $3.71B
Thursday, March 24, 2011 - 8:32am | 78GameStop Corp. (NYSE: GME) today reported record sales and earnings for the fourth quarter ended January 29, 2011. Total sales for the fourth quarter of 2010 increased 4.8% to $3.69 billion, in comparison to $3.52 billion in the prior year quarter. Comparable store sales increased 2.6%. Net...
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Gamestop Reports In-Line EPS and Revenues (GME)
Thursday, March 24, 2011 - 8:31am | 16Gamestop Reports In-Line EPS and Revenues (NYSE: GME)
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Best Buy Guides FY 2011 Comps 0 to -3%; Revenues $51-52.5B (BBY)
Thursday, March 24, 2011 - 8:11am | 20Best Buy (NYSE: BBY) Guides FY 2011 Comps 0 to -3%; Revenues $51-52.5B.
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Best Buy Rallies Over 5.5% On Earnings: Reported EPS $1.86 Ex-Tax Benefit Vs. $1.85 Est. (BBY)
Thursday, March 24, 2011 - 8:06am | 28Best Buy (NYSE: BBY) announces $1.86 EPS ex-tax benefit versus the $1.85 Street EPS estimate. Best Buy rallied over 5.5% on the news.
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Best Buy Reports Q4 EPS of $1.98 vs. $1.85; Revenues $16.26B vs. $16.30B
Thursday, March 24, 2011 - 8:02am | 18Best Buy Co., Inc. (NYSE: BBY): Revenue $16.256B Diluted EPS $1.98
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US Stock Futures Up As Investors Await Economic Data, Crude Oil Jumps Above $106 a barrel
Thursday, March 24, 2011 - 6:20am | 475US stock futures are higher this morning, as investors are awaiting economic data. Crude oil prices surged above $106 a barrel. Futures on the Dow Jones Industrial Average rose 44 points to 12,065.00 and S&P 500 futures gained 5.50 points to 1,297.60. Nasdaq 100 futures jumped 16 points to 2,...