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United States

Best Buy Co Inc (BBY.N)

BBY.N on New York Stock Exchange

55.46USD
18 Oct 2017
Change (% chg)

$0.81 (+1.48%)
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Tue, Sep 19 2017

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Best Buy forecasts 2021 profit largely below estimates, shares fall

Best Buy Co Inc , the No.1 U.S. consumer electronics retailer, on Tuesday forecast fiscal 2021 adjusted earnings largely below Wall Street estimates, sending its shares down as much as 10 percent.

UPDATE 2-Best Buy forecasts 2021 profit largely below estimates, shares fall

Sept 19 Best Buy Co Inc, the No.1 U.S. consumer electronics retailer, on Tuesday forecast fiscal 2021 adjusted earnings largely below Wall Street estimates, sending its shares down as much as 10 percent.

CORRECTED-UPDATE 1-Best Buy forecasts 2021 earnings largely below estimates

Sept 19 Best Buy Co Inc, the No.1 U.S. consumer electronics retailer, on Tuesday forecast 2021 adjusted earnings largely below Wall Street estimates, sending its shares down nearly 9 percent.

CORRECTED-Best Buy forecasts 2021 earnings largely below estimates

Sept 19 Best Buy Co Inc, No.1 U.S. consumer electronics retailer, on Tuesday forecast 2021 adjusted earnings largely below Wall Street estimates, sending its shares down 7.2 percent.

BRIEF-Best Buy sees adjusted diluted earnings of $4.75 to $5 for fiscal 2021​

* Best Buy investor day details 'best Buy 2020: building the new blue' growth strategy

BRIEF-Best Buy sets regular quarterly cash dividend of $0.34 per share

* Sets regular quarterly cash dividend of $0.34 per share Source text for Eikon: Further company coverage:

Best Buy says strong sales not 'new normal,' shares skid

Best Buy Co Inc reported another strong quarter of same-store sales on Tuesday, but shares of the No.1 U.S. consumer electronics retailer fell after it cautioned that the performance should not be seen as a "new normal." | Video

UPDATE 5-Best Buy says strong sales not 'new normal,' shares skid

* Shares fall as much as 11.7 pct (Adds details from post-earnings call)

BRIEF-Best Buy Co reports Q2 non-GAAP earnings per share of $0.69 from continuing operations

* Best Buy reports better-than-expected second quarter results

Best Buy posts better-than-expected rise in same-store sales

Aug 29 Best Buy Co Inc, the No.1 U.S. electronics retailer, reported a better-than-expected rise in quarterly sales at established stores, helped by strong demand for smartphones, connected home and wearable devices.

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