New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 16, 2014
07:04 EDTBBYBest Buy reports Holiday revenue $11.45B
The company said, “When we entered the holiday season, we said that price competitiveness was table stakes and an intensely promotional holiday season is what unfolded. In both channels, the promotional intensity that began with Black Friday continued throughout the period, which led us and our competitors to answer one question – do we make the incremental investment necessary to be price competitive and defend our market share? For us, there was only one answer. To advance our Renew Blue transformation, it was imperative that we live up to our customer promises – and one of these promises is to offer our customers competitive prices. This investment in pricing did come with a higher-than-expected cost, and we now estimate our fourth quarter non-GAAP operating income rate will be 175 to 185 basis points lower than last year. However, our price competitiveness combined with our improved customer experience both in-store and online, as demonstrated by a 400 basis point improvement in our Net Promoter Score, resulted in a market share gain in an industry that NPD says declined 240 basis points during the holiday period. We also made significant progress against several other Renew Blue priorities that will leave us well-positioned as we enter fiscal 2015."
News For BBY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent BBY news | >>
November 20, 2014
07:04 EDTBBYBest Buy says total Renew Blue annualized cost reductions at $965M
Since its Q2 FY15 earnings release, Renew Blue annualized cost reductions have increased an additional $65 million, bringing the total Renew Blue annualized cost reductions to $965 million.
07:03 EDTBBYBest Buy sees Q4 revenue, SSS growth 'near-flat' y/y
Subscribe for More Information
07:01 EDTBBYBest Buy reports Q3 continuing ops EPS 32c, consensus 25c
Reports Q3 revenue $9.38B, consensus $9.11B. Reports Q3 SSS up 2.2%.
06:35 EDTBBYStocks with implied volatility above IV index mean; BBY GME
Subscribe for More Information
November 19, 2014
15:31 EDTBBYNotable companies reporting before tomorrow's open
Subscribe for More Information
15:01 EDTBBYBest Buy technical comments before results
Subscribe for More Information
13:33 EDTBBYBest Buy November 36 straddle priced for 8.2% move into Q3
Subscribe for More Information
07:26 EDTBBYBest Buy November volatility elevated into Q3 and holiday outlook
Subscribe for More Information
05:58 EDTBBYStocks with implied volatility above IV index mean; BBY SPLS
Subscribe for More Information
November 18, 2014
15:02 EDTBBYBest Buy management to meet with Jefferies
Meeting to be held in Boston on November 25 hosted by Jefferies.
15:01 EDTBBYBest Buy management to meet with B. Riley
Subscribe for More Information
November 17, 2014
15:45 EDTBBYBest Buy remains a top pick for the holiday season at BofA/Merrill
Subscribe for More Information
07:39 EDTBBYBest Buy price target raised to $42 from $35 at Stifel
Subscribe for More Information
07:05 EDTBBYBest Buy price target raised to $40 from $36 at RBC Capital
Subscribe for More Information
November 14, 2014
17:07 EDTBBYSoros Fund Management gives quarterly update on stakes
Subscribe for More Information
11:48 EDTBBYStocks with call strike movement; GILD BBY
Subscribe for More Information
07:36 EDTBBYBest Buy price target raised to $36 from $32 at UBS
UBS raised its price target on Best Buy to $36 from $32 ahead of its Q3 results. The firm sees a favorable near-term set-up, citing the company's cash balances, selection of premium products, and focused strategy of promotions deployment and expenses. UBS reiterates its Buy rating on Best Buy shares.
November 11, 2014
08:34 EDTBBYBest Buy to open over 1,000 stores at 5 pm local time on Thanksgiving
Subscribe for More Information
06:57 EDTBBYBest Buy November volatility elevated into Q3 and holiday outlook
Subscribe for More Information
November 7, 2014
14:04 EDTBBYBest Buy November volatility elevated into Q3 and holiday outlook
Best Buy November call option implied volatility is at 52, December is at 40, January is at 38, March is at 36; above its 26-week average of 39 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on November 20.
1 | 2 | all recent BBY news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use