Best Buy expected to report revenue growth in Q2

Filed under: Earnings reports, Forecasts, Best Buy (BBY)

Best Buy Inc. (NYSE: BBY), the consumer electronics retailer that despite the closing of rival Circuit City still faces stiff competition and consumer pullback, is scheduled to discuss its fiscal second-quarter 2010 results Tuesday in a conference call at 10:00 AM ET. You can catch the live webcast of the call on the company's website.

For the three months that ended in August, during which Best Buy got a new CEO, announced expansion plans, and declared a quarterly dividend, analysts surveyed by Thomson Reuters expect the Minnesota-based company to report that its earnings fell 12.5% from a year ago to $0.42 per share. But revenue for the quarter is expected to be 9.9% higher to $10.8 billion.

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Best Buy expected to report revenue growth in Q2 originally appeared on BloggingStocks on Mon, 14 Sep 2009 17:40:00 EST. Please see our terms for use of feeds.

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