Best Buy Company, Inc. (BBY), the leading specialty retailer of consumer electronic products, is scheduled to report its first-quarter 2012 financial results on June 14. The current Zacks Consensus Estimate for the quarter is 33 cents a share. For the quarter under review, revenue is $10,694 million, according to the Zacks Consensus Estimate.
Fourth-Quarter 2011: A Synopsis
Best Buy?s quarterly earnings of $1.98 per share topped the Zacks Consensus Estimate of $1.84 and rose 8.8% from $1.82 earned in the prior-year quarter.
Richfield, Minnesota-based Best Buy?s total revenue tumbled 1.8% year over year to $16,256 million, reflecting a 4.6% fall in comparable-store sales, offset by the net addition of stores in the last 12 months. Comps had risen 7% in the prior-year quarter. The total revenue also fell short of the Zacks Consensus Estimate of $16,355 million.
Management now forecasts fiscal 2012 adjusted earnings in the range of $3.30 to
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