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Best Buy: At Your Service.(Best Buy Company Inc.)
- Article from:
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Kiplinger's Pick of the Day Web Feature
- Article date:
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June 10, 2005
- Author:
- Dixon, Lisa
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Copyright informationCOPYRIGHT 2005 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Kiplinger Washington Editors
Consumer electronics retailer Best Buy (BBY) is scheduled to release first-quarter earnings on Tuesday. Unlike last quarter, analysts are looking for strong results, with earnings possibly exceeding their estimates.
Joseph Feldman, who covers Best Buy for S.G. Cowen & Co., says the company appears to have enjoyed better sales this quarter, driving earnings higher. Still, he says that the potential earnings upside -- and the likelihood that the firm will raise its outlook for the rest of the year -- is already reflected in the share price.
In April the company gave a disappointing earnings outlook for the first quarter and for ...