Best Buy Co. says it is sharply cutting its fiscal 2009 earnings outlook# Stock
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MINNEAPOLIS (AP) -- Electronics retailer Best Buy Co. says it is sharply
cutting its fiscal 2009 earnings outlook below analyst estimates amid what
the company called the toughest retail environment it has ever seen.
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Richfield, Minn.-based Best Buy expects earnings per share between $2.30 and
$2.90 for the fiscal year ending in February, down from a prior estimate
between $3.25 and $3.40 per share.
The retailer forecast revenue between $43.7 billion and $45.4 billion, as
well as 1
cutting its fiscal 2009 earnings outlook below analyst estimates amid what
the company called the toughest retail environment it has ever seen.
ADVERTISEMENT
Richfield, Minn.-based Best Buy expects earnings per share between $2.30 and
$2.90 for the fiscal year ending in February, down from a prior estimate
between $3.25 and $3.40 per share.
The retailer forecast revenue between $43.7 billion and $45.4 billion, as
well as 1