Best Buy to Close 50 Stores After Sales Trail Estimates

Best Buy (BBY) announced that it earned $2.47 per share during is fiscal fourth quarter, exceeding analyst estimates of $2.15 per share. The company projected full year earnings of $3.50 to $3.80 per share, while analysts expected $3.70 per share.

Best Buy Co. (BBY US) fell 5.9 percent to $25.06. The world's largest consumer-electronics retailer said it would close 50 US big-box stores this year as it works to control costs. Collective Brands Inc. (PSS US) rose 8.7 percent to $20.04.

Inc. (BBY). By Bill Gunderson On March 29, 2012 · Leave a Comment · Listen to Bill's analysis of Best Buy Co. Inc. (BBY) as of March 29, 2012. If you enjoyed this article, please consider sharing it! Reddit · Facebook · Twitter · Delicious

March 29 (Bloomberg) — Best Buy Co., the world's largest consumer-electronics retailer, plans to close 50 US big-box stores this year to reduce costs after fourth-quarter sales trailed analysts' estimates. The shares slid. Revenue in the three months

By Andrea Tse 03/29/12 – 08:23 AM EDT NEW YORK — Best Buy(BBY), the electronics retailer, reported fiscal fourth-quarter profit of $2.47 a share, excluding items, on revenue of $16.73 billion.. Analysts were expecting profit of $2.16 a share on