Samsung, Microsoft (MSFT) Still Need Physical Presence; Enter: Best Buy (BBY)
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RadioShack (RSH) Shorts Squeezed
August 26, 2013 11:23 AM EDTShort traders targeting RadioShack (NYSE: RSH) were squeezed on Monday after shares climbed over 10%. 38.2 million shares of RadioShack are held short, or about 40% of the float. Shares have been trending higher recently, a move that could relate in part to strong Q2 results from electronics retailer Best Buy (NYSE: BBY).... 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
