Best Buy Co., Inc. (NYSE:BBY) reported a loss in its fiscal 2014 first quarter. The retail chain warned of hurdles ahead for the coming quarter. Best Buy Earnings Details The big-box retailer of electronics gear posted adjusted diluted earnings per share of $0.32 and $9.38 billion in revenues. Best Buy posted an EPS of $0.76 on revenues of $10.37 million in the same period a year ago. Analysts polled by Thomson Reuters estimated first quarter earnings of 25 cents a share on $10.66 billion in revenue. The Richfield, Minn. retail chain did not provide financial guidance for the second quarter….
Best Buy Profit Tops Estimates; Warns Weaker Days Ahead
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports