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Best Buy Returns $309 Million to Shareholders in Buyback Plan

Its shares soared 19 percent after the company said online sale rose 24 percent to $835 million, a beacon for investors who have watched Amazon.com eat away at the sales of nearly every traditional retailer.

As for overall performance. Analysts are expecting third-quarter EPS of $0.45 on sales of $8.77 billion.

"In what we characterize as a solid quarter, especially given the heavily-promotional July environment due to Amazon's Prime Day and Walmart's steady diet of competing offers, Best Buy's online results really stand out", Charlie O'Shea, an analyst with Moody's said in a statement.

Domestic revenue of $7.9 billion increased 0.1% versus previous year driven by comparable sales growth of 0.8%, partially offset by the loss of revenue from 12 large format and 22 Best Buy Mobile store closures.

EPS in next five year years is expected to touch 10.56% while EPS growth in past 5 year was -7.70% along with sales growth of -4.50% in the last five years.

Best Buy announced results for the first quarter ended April 30, 2016 (Q1FY17), as compared to the first quarter ended May 2, 2015 (Q1FY16). The retailer's enterprise revenue declined 0.8% year-over-year (y-o-y) to $8.44 billion, easily exceeding the Reuters' compiled consensus estimates of $8.29 billion.

Sales at established stores rose 0.8 percent from a year earlier.

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The players on our list were also on the list of clubs bigger than us and sometimes you have to convince a player to come here. I hope he can. " Last season , that game really kick-started the season and we hope something similar will come our way".

Investment website The Street's piece on Monday was titled: "Could a Best Buy crash be just a few hours away?" with Jim Cramer, the former host of "Mad Money", telling the website "Best Buy doesn't excite me".

Best Buy Co, Inc is a provider of technology products, services and solutions.

On 8/22/2016, shares of Best Buy Co., Inc. The company has been working on revamping its stores and improving sales staff training to convert browsers into buyers. Wall Street forecasts of $8.39 billion.

Domestic online sales of $853 million in the quarter accounted for 10.6% of revenue. On a constant currency basis, worldwide revenue increased 4.1% driven by growth in both Canada and Mexico.

During the 52-week period, the peak price level of the share was observed at $31.80; this is higher price of share and down price level of the share was seen at $23.66; this is lower price at which share is traded.

Revenue of $16.98 billion, down 0.6% from $17.09 billion a year ago. I have no business relationship with any company whose stock is mentioned in this article.

Non-GAAP EPS came in $0.57, up from $0.49 during the prior-year period and $0.14 better than analysts were expecting.

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