Best Buy Reports Third Quarter Results
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Morgan Stanley Expects Holiday Boost on Best Buy (BBY) Following Industry Slowdown; Reiterates Overweight
November 20, 2015 10:45 AM ESTMorgan Stanley reiterated an Overweight rating on Best Buy (NYSE: BBY), and cut the price target to $37.00 (from $40.00), following the company's 3Q earnings report. EPS came in at $0.41, $0.06 better than consensus. Earnings quality was subpar as gross margin was unexpectedly helped by quasi-temporary warranty... More
Best Buy (BBY) PT Trimmed at Jefferies But 'Buy' Maintained
November 20, 2015 9:39 AM ESTJefferies analyst, Daniel Binder, highlighted Best Buy (NYSE: BBY) as a favorite retail name as it outperforms the industry and experiences robust growth online. It is one of the few retailers that saw an acceleration in online growth in Q3.
Each... More
Best Buy (BBY) Tops Q3 EPS by 6c; Tot. Comps Growth Lagged Expectations
November 19, 2015 7:01 AM ESTBest Buy (NYSE: BBY) reported Q3 EPS of $0.41, $0.06 better than the analyst estimate of $0.35. Revenue for the quarter came in at $8.82 billion versus the consensus estimate of $8.86 billion.
CEO Hubert Joly continued, In the Domestic business, our comparable sales, excluding the impact of installment billing, increased... More
