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Best Buy (NYSE:BBY) Plunges On Quarter Loss, Restructuring Charges – BBY, GME, RSH, CONN, HGG

Electronics retailer Best Buy Co., Inc. (NYSE:BBY) announced on Tuesday that it swing to a fiscal Q3 loss of $10M, or 3 cents per share, from a profit of $156M, or 43 cents, a year prior. Excluding restructuring charges, the firm declared it earned 3 cents per share. Revenue in the quarter ended Nov. 3 […]

Best Buy (NYSE:BBY) Announces Profit Lower Than Expects – BBY, GME, RSH, HGG, CONN

Best Buy Co., Inc. (NYSE:BBY) declared on Tuesday that a lower than anticipated profit and its ninth same-store sales plunge in 10 quarters, highlighting the challenges its new CEO faces in annoying to turn around the world’s biggest consumer electronics chain. The retailer, which faces cutthroat rivalry from the likes of Amazon.com Inc (NASDAQ:AMZN), Wal-Mart […]