UBS Raises Price Target on Best Buy (BBY) Following Solid 2Q

Best Buy Announces Regular Quarterly Cash Dividend

August 24, 2016 8:00 AM EDT

MINNEAPOLIS--(BUSINESS WIRE)-- The Board of Directors of Best Buy Co., Inc. (NYSE: BBY) has authorized the payment of a regular quarterly cash dividend of $0.28 per common share. The quarterly dividend is payable on October 4, 2016, to shareholders of record as of the close of business... More

Balfour Beatty Awarded $196 Million North Block at Capitol Crossing Contract

August 24, 2016 7:00 AM EDT

WASHINGTON--(BUSINESS WIRE)-- Property Group Partners has selected Balfour Beatty to build the North Block phase of its Capitol Crossing development that will span a three-block elevated deck over I-395 in the heart of Washington, D.C. The 2.2 million-square-foot, mixed-use Capitol Crossing development is transforming a seven-acre site into a distinctive cityscape that will reunite the Districts East End and Capitol Hill neighborhoods.

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Best Buy Reports Better-Than-Expected Second Quarter Results

August 23, 2016 7:00 AM EDT

Domestic Segment Comparable Sales Increased 0.8%

GAAP Diluted EPS Increased 22% to $0.56

Non-GAAP Diluted EPS Increased 16% to $0.57

MINNEAPOLIS--(BUSINESS WIRE)-- Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter ended July 30, 2016 (Q2 FY17), as compared to the second quarter ended August 1, 2015 (Q2 FY16). The company reported GAAP diluted earnings per share from continuing operations of $0.56, an increase of 22% from $0.46 in Q2 FY16. Non-GAAP diluted earnings per share from continuing operations were $0.57, an increase of 16% from $0.49 in Q2 FY16.

              Q2 FY17     Q2 FY16 Revenue ($ in millions)1             Enterprise     $ 8,533      ... More