cdanteek Posted December 19, 2008 Report Share Posted December 19, 2008 article Although Black Friday sales were better than expected, Best Buy's third-quarter earnings brought another heaping of bad news for the embattled electronics retail industry. For the third quarter of 2008, Best Buy reported earnings Tuesday of $52 million, or 13 cents per share, on revenue of $11.5 billion. Wall Street had been anticipating earnings of 24 cents per share and revenue of $11.09 billion. It's a 77 percent drop from the same quarter a year ago, when the retailer reported earnings of $228 million, or 53 cents a share. Link to comment Share on other sites More sharing options...
Syrallas Posted December 19, 2008 Report Share Posted December 19, 2008 article Although Black Friday sales were better than expected, Best Buy's third-quarter earnings brought another heaping of bad news for the embattled electronics retail industry. For the third quarter of 2008, Best Buy reported earnings Tuesday of $52 million, or 13 cents per share, on revenue of $11.5 billion. Wall Street had been anticipating earnings of 24 cents per share and revenue of $11.09 billion. It's a 77 percent drop from the same quarter a year ago, when the retailer reported earnings of $228 million, or 53 cents a share. Unfortunately, a sign of the harsh economic times, I fear. New Process Gear has a plant near me and they just let go 10 % of the workforce due to slumping truck sales. Link to comment Share on other sites More sharing options...
REDWAGON Posted December 19, 2008 Report Share Posted December 19, 2008 article Although Black Friday sales were better than expected, Best Buy's third-quarter earnings brought another heaping of bad news for the embattled electronics retail industry. For the third quarter of 2008, Best Buy reported earnings Tuesday of $52 million, or 13 cents per share, on revenue of $11.5 billion. Wall Street had been anticipating earnings of 24 cents per share and revenue of $11.09 billion. It's a 77 percent drop from the same quarter a year ago, when the retailer reported earnings of $228 million, or 53 cents a share. Boy cd, you would never guess it by the way the Best Buy store looked to me today. There were hundrds of people shopping and most had a whole shopping cart full of stuff. The checkout line had at least 30 people in it waiting to check out !! Frank... Link to comment Share on other sites More sharing options...
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