Thursday, May 25, 2017

Best Buy Q1 Results Top Estimates; Sees Higher Comps In Q2; Lifts FY18 Forecast

Best Buy Co., Inc. reported lower profit in its first quarter on the absence of last year's CRT settlement proceeds. However, earnings per share topped market estimates significantly with higher comparable sales. Looking ahead, for the second quarter, the company projects higher comparable sales, and also lifted fiscal 2018 forecast for higher growth.In pre-market, shares were gaining 11.9 percent

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