Street Wire: Best Buy Stock Plunges as Profit, Sales Come Up Short

Before you go, we thought you'd like these...
Before you go close icon
Best Buy's (BBY) stock fell more than 7% at one point in early Tuesday trading after the nation's largest consumer electronics retailer said first-quarter earnings and sales missed Wall Street's average estimates. Best Buy lost as much as $2.88 to $38.17 a share, or nearly $500 million in market value. Higher expenses and lower sales of flat panel TVs, video games and services were partly to blame, Best Buy reported.
Read Full Story

Markets

S&P 500 2,368.06 6.93 0.29%
DJIA 20,728.49 69.17 0.33%
NASDAQ 5,914.34 16.80 0.28%
DAX 12,256.43 53.43 0.44%
NIKKEI 225 19,168.21 104.99 0.55%
HANG SENG 24,301.09 0.00 0.00%
USD (per EUR) 1.07 0.00 -0.03%
USD (per CHF) 1.00 0.00 0.04%
JPY (per USD) 111.95 0.18 0.16%
GBP (per USD) 1.25 0.00 0.11%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

Driver Sees Something Move On The Side Of The Road - When He Pulls Over He Can't Believe Driver Sees Something Move On The Side Of The Road - When He Pulls Over He Can't Believe
The Haunting Face of a Man Who Lived 700 Years Ago The Haunting Face of a Man Who Lived 700 Years Ago
Man Built This Contraption In His Backyard - And Even He Was Surprised How Well It Worked Man Built This Contraption In His Backyard - And Even He Was Surprised How Well It Worked