Form 8-K BEST BUY CO INC For: Aug 23
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
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Best Buy (BBY) Tops Q2 EPS by 14c; Comps Outpace
August 23, 2016 7:02 AM EDTBest Buy (NYSE: BBY) reported Q2 EPS of $0.57, $0.14 better than the analyst estimate of $0.43. Revenue for the quarter came in at $8.53 billion versus the consensus estimate of $8.4 billion.
Comps rose 0.8 percent, versus expectations of a 0.5 percent drop.
Enterprise comps rose 0.8 percent, while the Street was looking for a 0.6 percent drop.
GUIDANCE:
Corie Barry, Best Buy CFO, commented, For our Q3 FY17 guidance, we are expecting... More
