Best Buy Earnings Are Good, But Buyout Talks Are Officially Dead
Best Buy reported better-than-expected numbers for its fourth quarter, but CEO Hubert Joly also confirmed that buyout talks with founder Richard Schulze have failed.
best buy earnings
What to Watch This Week: From Sequesters to Monsters
Plenty of market-moving news will break this week: One way or another, big changes loom due to Washington's budget fight; and Home Depot, Groupon, Best Buy, RadioShack and Monster will report earnings.
Best Buy's Stock Price Falls to a Millennium Low
Best Buy shares were crushed on Tuesday after another disappointing quarter, hitting prices that the consumer electronics giant's investors hadn't seen since the 1990s. Here are some of the reasons why Best Buy has fallen to a millennium low -- and why things may get worse.
Wall Street Watch: Waiting for All Week for Black Friday Numbers
Investors know that it will be a week of heavy eating and light trading. The market is closed on Thanksgiving, and will close early on Friday. However, it won't be a light week for retail, so the Black Friday and Cyber Monday results will be top of mind for the market-minded.
Wall Street Watch this Week: PC Makers to Parade Paltry Profits
Computer users are starting to think outside of the box, and that's bad news for Dell and Hewlett-Packard. The two PC giants will be reporting this week -- Dell on Tuesday and HP on Wednesday -- but investors aren't holding out for much.
Can a New Guy Save Best Buy?
Best Buy reported another pretty dismal quarter last week, but some investors got excited anyway. Interim CEO Mike Mikan headed up the conference call for the first time and talked some interesting turnaround strategy for the retailer. But should the market buy any of it?
Best Buy's Turnaround Plan Sends Retailer In the Wrong Direction
Best Buy has a big plan to cut its costs and regain its focus: closing stores, laying off employees, shifting its focus to smartphones and mobile gadgets, and slimming down margins. Only problem is, none of that is going to save it.
Best Buy Earnings Disappoint Ahead of Holiday Season, Lowers Guidance
Best Buy shares are plunging in pre-market trading after the giant retailer reported lower-than-expected earnings and slashed its guidance for the full year.
Week in Preview: Spotlight on FedEx, Best Buy, Discover
FedEx, the world's leading package-delivery service and an ostensible bellwether of the U.S. economy, will report its latest earnings this week. Also, with the holiday shopping season well underway, Best Buy and Discover Financial Services are also reporting quarterly results.
Best Buy Beats Earnings Estimates and Raises Its Outlook
Best Buy reported fiscal second-quarter earnings grew 61% despite a decline in consumer traffic. But shoppers bought more per purchase. The results took many by surprise, especially with the company also boosting guidance, ar traffic. But shoppers bound shares shot up 8% in premarket trading.
Coming This Week: FedEx, Best Buy and Oracle
Last 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 other economic data to either support or contrast with the Fed's findings as well as some key earnings reports.
Best Buy Earnings Disappoint Despite Gross Gains
Best Buy posted disappointing first-quarter results this morning, falling well short of analysts' expectations. Cautious customers lifted the retailer's overall U.S. sales by 5%, but lower sales of TVs, video games and movies cut into its profit margins.