Market Overview

UPDATE: Best Buy Rises On Upbeat Earnings

Related BBY
Watch These 7 Huge Call Purchases In Friday Trade
Cramer Talks About Ulta Salon's 'Beautiful' Run
Microsoft Expands Surface PC Line Into Desktops, Unveils New Windows OS (Investor's Business Daily)

Best Buy Co (NYSE: BBY) posted a profit in the fourth quarter.

Best Buy swung to a quarterly profit of $293 million, or $0.83 per share, versus a year-ago loss of $409 million, or $1.21 per share. Its adjusted operating income from continuing operations came in at $1.24 per share.

Its revenue slipped to $14.47 billion versus $14.92 billion. However, analysts were projecting earnings of $1.01 per share on sales of $14.67 billion.

Best Buy shares gained 5.38% to $27.21 in pre-market trading.

Posted-In: profitEarnings News


Related Articles (BBY)

View Comments and Join the Discussion!