Best Buy Co. (BBY) reported fourth quarter adjusted earnings from continuing operations of $2.47 per share Thursday morning, compared to $1.98 per share in the prior year. The consensus estimate was for EPS of $2.16. Full year 2013 adjusted EPS is expected to be between $3.50 and $3.80, compared to the consensus estimate of $3.70.
Best Buy gapped open lower Thursday and fell in early trade, before settling into a range. The stock closed down by 1.85 at $24.77 on the highest volume in over 3 months. Best Buy fell to a 2-week low and dropped below both its 50 and 200-day moving averages.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.