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Best Buy Posts Upbeat Q2 Earnings
Tuesday, September 14, 2010 - 8:28am | 57Best Buy Co Inc (NYSE: BBY) reports its Q2 EPS at $0.60, beating the consensus of $0.46. BBY's Q2 revenue came in at $11.34 billion, versus the estimates of $11.65 billion. BBY's shares advanced 8.80% to $37.70 in pre-market trading. Read more from Benzinga's Company news.
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Best Buy's Second Quarter Diluted EPS Grows 62% Year-Over-Year to $0.60 (BBY)
Tuesday, September 14, 2010 - 8:04am | 138Best Buy Co., Inc. (NYSE: BBY) Q2 2011 Highlights: Gross margin rate increased 130 basis points year-over-year to 25.7 percent. SG&A dollar growth slowed sequentially, from the previous quarter, increasing 4 percent year-over-year. Operating margin increased 110 basis points year-over-year to...
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Earnings Scheduled For September 14 (KR, BBY, PLL, CHP, KOOLD, WNI, CBRL, COOL, MDZ)
Tuesday, September 14, 2010 - 5:58am | 242Kroger (NYSE: KR) is likely to earn $0.36 per share on revenue of $18.73 billion in the second quarter. Best Buy Co Inc (NYSE: BBY) is expected to post its Q2 EPS of $0.44 on $11.65 billion in revenue. Pall Corp (NYSE: PLL) may post its FQ4 profit of $0.64 per share on revenue of $671.02 million. C...
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Best Buy Gearing up for “Halo: Reach” Invasion
Monday, September 13, 2010 - 11:31am | 158Best Buy (NYSE: BBY) announced that more than 400 stores across the country will open their doors at 12:01 am on Tuesday, September 14, to celebrate the launch of “Halo: Reach.” In addition to the extended store hours, Best Buy is also offering fans a $20 Best Buy gift card with any in-store,...
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Earnings Preview – Best Buy - Analyst Blog
Monday, September 13, 2010 - 11:18am | 736Best Buy Company Inc. (BBY), one of the leading specialty retailers of consumer electronic products, is scheduled to report its second-quarter 2011 financial results before the bell on Tuesday, September 14, 2010. The current Zacks Consensus Estimate for the quarter is 44 cents a share. First-...
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Bulls Shopping at Best Buy Ahead of Earnings (BBY)
Monday, September 13, 2010 - 10:51am | 204Shares of Best Buy Inc. (NYSE: BBY) are higher on the session by 2.07%, currently trading at $34.58. The stock has been moving largely lower over the past six months, off from recent highs near $48.75. The stock has struggled with the 50-day moving average over that period and is touching that...
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The Week in Preview: FedEx, Best Buy, Oracle and Lots of Economic Data
Monday, September 13, 2010 - 8:17am | 437Last week, the Fed's Beige Book report confirmed that the economy continues to grow, but at a slower pace than in previous periods. This week will bring plenty of economic data to either support or contrast with the Fed's findings. Monday: Federal government budget balance for August Tuesday:...
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Zacks Earnings Preview: Oracle, Federal Express, Discover Financial, Kroger's and Best Buy - Press Releases
Monday, September 13, 2010 - 8:03am | 2045For Immediate Release Chicago, IL – September 13, 2010 – Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes Oracle (ORCL), Federal Express (FDX), Discover Financial (DFS), Kroger's (KR), and Best Buy (BBY).To see more earnings analysis, visit http...
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WHAT'S ON TAP?
Sunday, September 12, 2010 - 2:00am | 1434For the week of September 13th (in conjunction with Econoday): It’s a moderately heavy week on the news front. We’ll get a trickle of important earnings including Best Buy and FedEx. We also have important inflation reports, retail sales, industrial production and several local manufacturing...
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The First of the Third - Earnings Preview
Friday, September 10, 2010 - 5:33pm | 4289Earnings Preview 9/10/10 The second quarter earning season is over, and now we are getting the first of the third quarter. We define any fiscal period ending in August, September and October to be the third quarter. Still, we are just talking about a trickle of reports, just a total of 47 companies...
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Best Buy Expectations Appropriately Low, According To Jefferies
Friday, September 10, 2010 - 10:54am | 118Best Buy Co., Inc. (NYSE: BBY) will announce 2Q11 earnings on Tuesday, 9/14. Jefferies is maintaining 2Q EPS estimates of $0.35, with the possibility that earnings could be reported at $0.41 if gross margins are better than expected. Though BBY shares have reported poor performance, and a cut to...
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Fast Money Picks For September 9th (DRIV, F, RSH, DAN, BRCD)
Wednesday, September 8, 2010 - 7:01pm | 234CNBC Fast Money's Brian Kelly said on the show that he likes Digital River, Inc. (NASDAQ: DRIV). He said that this company helps to download everything that is being downloaded. Digital River, Inc. (DRIV) gained 1.15% today. Tim Seymour is a buyer of Ford Motor Company (NYSE: F). He likes its chart...
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Goldman Sachs: Buy BBY September $34 Straddles
Wednesday, September 8, 2010 - 10:59am | 162In a recent report, Goldman Sachs (NYSE: GS) recommends buying Best Buy (NYSE: BBY) September $34 straddles to hedge downside and accentuate upside through the September 14 earnings. Options are showing to be inexpensive ahead of possibly an unusually volatile earnings report for BBY. A Goldman...
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Deutsche Bank Lowers Estimates For Best Buy
Wednesday, September 8, 2010 - 10:24am | 94Best Buy Company, Inc. (NYSE: BBY) is experiencing slowed business in 2Q, with slowdowns in unit shipments and pricing in TVs with data from industry sources as well as retailers and suppliers, Deutsche Bank reports. As a result, Deutsche Bank is lowering 2Q EPS estimates to $0.48, and for FY2010...
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Apple Adds Game Center To iOS, Could Be A Negative For GameStop
Wednesday, September 1, 2010 - 1:15pm | 64Apple (Nasdaq: AAPL) has announced it is adding a gamecenter to its iOS. The news of Apple adding a Gamecenter to its operating system could be a huge negative for Gamestop (NYSE: GME). Consumers will now have even less of a reason to head to the Gamestop stores.