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Earnings: Best Buy Asks For Voluntary Staff Departures To Deal With 'Challenging Environment'
mocoNews — ... which was far less than the year-ago period when it earned $228 million, or 53 cents a share. The drop was mostly due to an impairment charge of $111 million, which was related to a significant decline in the value of the company's nearly 3 percent stake in The Carphone Warehouse Group. Excluding the charge, earnings per share were 35 cents, a decrease of 34 percent compared to the previous year's period. Analysts surveyed by First Call expected 25 cents a share. Release. Investor Call. Voluntary and involuntary employee departures: ...

Earnings: Best Buy Asks For Voluntary Staff Departures To Deal With Challenging Environment
mocoNews — ... which was far less than the year-ago period when it earned $228 million, or 53 cents a share. The drop was mostly due to an impairment charge of $111 million, which was related to a significant decline in the value of the company's nearly 3 percent stake in The Carphone Warehouse Group. Excluding the charge, earnings per share were 35 cents, a decrease of 34 percent compared to the previous year's period. Analysts surveyed by First Call expected 25 cents a share. Release. Investor Call. Voluntary and involuntary employee departures: ...

Best Buy a top analyst pick for 2009
BloggingStocks — Filed under: Competitive strategy, Best Buy (BBY), Circuit City Stores (CC)Best Buy Co. (NYSE: BBY), which had dire predictions for its near-future results just recently, will report quarterly results for its Q3 period this morning at 9:00am CT. Although the consumer electronics retailer is in the boat with almost every other retailer in the process of suffering from a large consumer spending slowdown this holiday season, it's still positioned to be one of the long-term winners competing for shopper dollars. The reason for this is because it now sits atop the consumer electronics world by ...

Best Buy (BBY) pops on Q4 earnings
BloggingStocks — Filed under: Major movement, Earnings reports, Good news, Best Buy (BBY), Options, Technical AnalysisBest Buy (NYSE: BBY - option chain) shares are headed higher today after the company reported a fourth-quarter profit of $530 million, or $1.35 per share. BBY's adjusted profit of $1.61 per share beat analysts' estimates of $1.48 per share. The company was helped by lower capital spending during the quarter, which counteracted the lower consumer spending. Investors expected a relatively weak holiday season from Best Buy, but this was still the second most ...