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Stock Market & Financial Investment News

News For BBY From The Last 14 Days
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March 30, 2015
08:01 EDTBBYBest Buy Canada changes could be quite profitable in long-term, says RBC Capital
After Best Buy announced major changes to its Canada business, RBC Capital says that the changes could more than double the company's international EBIT. The firm continues to recommend buying Best Buy's stock.
March 29, 2015
20:18 EDTBBYBest Buy sees FY16 EPS lower by 10c-20c due to Canada consolidation
Best Buy Canada, a subsidiary of Best Buy– which owns and operates both Best Buy and Future Shop stores – announced earlier that it is consolidating the Future Shop and Best Buy stores and websites under the Best Buy brand. The company also expects its GAAP and non-GAAP diluted earnings per share to be negatively impacted in FY16 in the range of 10c to 20c due primarily to a temporary increase in operational expenses associated with consolidation activities and store disruptions resulting from our investments to support the Best Buy multi-channel customer experience. Due to the transitional nature of the majority of these costs, the company does not expect this negative EPS impact to continue into future years. Consensus for Best Buy's FY16 EPS is currently $2.56 per share.
13:19 EDTBBYBest Buy Canada announces consolidation of Future Shop and Best Buy stores
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March 26, 2015
09:02 EDTBBYSamsung Galaxy S6, S6 edge to be available in U.S. beginning April 10
Samsung Electronics America (SSNLF) announced the Galaxy S 6 and Galaxy S 6 edge will be available in the U.S. beginning April 10, with pre-orders starting March 27. In the U.S., the Galaxy S 6 and Galaxy S 6 edge will be available in Black Sapphire, White Pearl and Gold Platinum -- in 32GB, 64GB and 128GB2 memory options. AT&T (T), Sprint (S), T-Mobile (TMUS), U.S. Cellular (USM) and Verizon Wireless (VZ) will carry both the Galaxy S 6 and Galaxy S 6 edge, while Boost Mobile, Cricket Wireless and MetroPCS will carry the Galaxy S 6. Samsung Experience Shops at Best Buy (BBY), as well as Amazon.com (AMZN), Costco Wholesale (COST), Sam’s Club (WMT), Target (TGT) and Walmart will also carry the Galaxy S 6 and Galaxy S 6 edge. Carriers and retailers will confirm specific pricing and availability.
06:01 EDTBBYBest Buy implied volatility of 27 at lower end of index mean range
March 25, 2015
06:05 EDTBBYBest Buy implied volatility of 26 at lower end of index mean range
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March 24, 2015
07:27 EDTBBYTelsey Advisory to hold a conference
2015 Consumer Conference is being held in New York on March 24-25.

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