Market Overview

Earnings Preview: Best Buy to Report Q1 Earnings Before the Bell


Best Buy (NYSE: BBY) is scheduled to report Q1 fiscal 2013 earnings tomorrow morning before market open. At 9am EST, Best Buy is expected to broadcast its earnings conference call here. The consensus analyst estimate for the electronics retailer's earnings per share is close to $0.59 and near $11.5 billion for revenue. The company has beaten consensus analyst estimates for two of the previous four quarters and missed estimates for the other two.

Best Buy's former CEO made the news over the past week, when the company discovered that he had an inappropriate relationship with an employee. Investors might be interested how Best Buy's CEO controversy affected the company's quarterly earnings, if at all. Shares of Best Buy traded close to 22% lower year to date, but traded almost 1% higher for today.

Disclosure: At the time of this writing, I did not own shares of any companies mentioned in this post.

Posted-In: Previews Trading Ideas


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