Best Buy Leads Techs Higher After Retailer's Solid ResultsBest Buy jumped $6.68, or 11%, to $65.80 on the New
York Stock Exchange. The Minneapolis company reported its net
soared to $170 million, or 51 cents a share, in the fiscal first
quarter, from $114 million, or 34 cents a share, a year earlier, amid improved
margins as customers scooped up portable media players, digital televisions and
digital cameras. Revenue increased 12%. The retailer also raised its outlook for
2006, citing its better-than-expected first-quarter results and a lower tax
rate.
Source:
WSJ
Read More... Posted: Tue - June 14, 2005 at 12:00 PM WIR NewsStream by Piranha Daily News The Stream Previous Next |
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Total entries in this blog: 1561
Total entries in this category: 1561 Published On: Sep 13, 2005 07:21 PM |