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Best Buy Still Doesn’t Get It

Posted, by forexpromos on December 15th, 2011

So far, so gloom: The consumer electronics retailer’s latest quarter was another disaster.

Revenue rose by less than 2% to $12.1 billion. Earnings, adjusted for a one-time restructuring charge, fell to $0.47 a share, well below both the $0.54 a share that it posted a year earlier and the $0.51 a share in net income that analysts were targeting.

Authored by, forexpromos
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