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...
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