'Price-Matching': The Worst Phrase Amazon (AMZN) Could Hear (BBY) (WMT)
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Best Buy (BBY) Thesis 'Playing Out', Says Deutsche Bank
August 20, 2013 8:06 AM EDTOn Tuesday morning, shares of Best Buy Co., Inc. (NYSE: BBY) moved higher in the wake of positive Q2 results. The retailer reported Q2 EPS of $0.32, $0.20 better than the analyst estimate of $0.12. Revenue for the quarter came in at $9.30 billion versus the consensus estimate of $9.13 billion. Total comps fell 0.6 percent.
Commenting on developments,... More
Best Buy (BBY) Tops Q2 EPS by 20c; Comps Down 0.6%; Sees Challenges in Q3, Q4
August 20, 2013 7:01 AM EDT(Updated - August 20, 2013 7:12 AM EDT)
Best Buy Co., Inc. (NYSE: BBY) reported Q2 EPS of $0.32, $0.20 better than the analyst estimate of $0.12. Revenue for the quarter came in at $9.30 billion versus the consensus estimate of $9.13 billion.
Total comps fell 0.6 percent. Domestic comps down 0.4 percent, online comps up 10.5 percent, international comps slipped 1.8 percent.
Best Buy CFO Sharon McCollam noted two factors that will impact Q3 and Q4 results: The first is a temporary increase in our mobile warranty costs that is expected to continue through Q1 FY15, commented... More
