Dwindling Cash Flow at Best Buy (BBY) Has Some Analysts Questioning Takeover Interest
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Best Buy (BBY) Bidder Said to Meet with Banks Next Week
November 21, 2012 10:56 AM ESTBest Buy Co., Inc. (NYSE: BBY) is active on chatter that founder Richard Schulze will meet with banks next week. The move has been questioned by some analysts following recent quarterly results.
Shares are down 3.2 percent Wednesday.... More
Time for Best Buy (BBY) to Dump International Businesses
November 21, 2012 9:21 AM ESTRegardless of whether Best Buy (NYSE: BBY) goes private or not, analysts at Jefferies think its businesses in China and Europe will ultimately be sold since they lack a strategic fit and offer poor ROI.
If a deal is done, analysts... More
Sun Smiles on Schulze as Best Buy (BBY) Tests Investors' Patience
November 20, 2012 8:57 AM ESTWith Best Buy (NYSE: BBY) slumping, what's left for the retail giant? Not much, but at least one person is smiling from ear to ear.
That person, is founder Richard Schulze.
On Monday, market speculation held... More
Best Buy (BBY) CEO Says Q3 Results Create "Sense of Urgency"
November 20, 2012 8:57 AM ESTShares of Best Buy (NYSE: BBY) traded lower early on Tuesday after the retailer reported a decline in fiscal Q3 earnings. Considering recent trends at the struggling company, a decline in earnings is nothing new, but Best Buy issued light 2013 free cash flow guidance of $850 million to $1.05 billion compared to $1.25 to $1.5 billion in August, which may have... More
Best Buy (BBY) Cuts FY13 Free Cash Flow Outlook
November 20, 2012 8:04 AM ESTBest Buy Co., Inc. (NYSE: BBY) expects to generate free cash flow in the range of $850 million to $1.05 billion for fiscal 2013. This amount compares with the companys previously communicated range of $1.25 to $1.5 billion that had been provided on August 21, 2012.
The companys... More
Best Buy Co., Inc. (BBY) Posts Light Q3 EPS of 3c; Revs Heavy
November 20, 2012 8:01 AM ESTBest Buy Co., Inc. (NYSE: BBY) reported Q3 EPS of $0.03, versus the analyst estimate of $0.12. Revenue for the quarter came in at $10.753 billion versus the consensus estimate of $10.73 billion.
Comps down 4.3%.
For earnings history and earnings-related data on Best Buy Co., Inc. (BBY) click here.... More
