Best Buy’s Earnings Beat Gives Some Boost To May’s Weak Retail Sales
- Tuesday, June 14, 2011, 21:03
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Best Buy’s earnings report is out, and it’s a good one in light of the weak outlook that analysts have for the retailer. The company reported earnings and comparative store sales results that beat the street’s expectations. Profits fell 1% globally and 3% in the U.S. market as the company struggled with product interruptions related to Japan and slow consumer spending. The profit drop was less severe than analysts expected, however.
http://blogs.forbes.com/heatherstruck/2011/06/14/best-buys-earnings-beat-gives-some-boost-to-mays-weak-retail-sales/
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