BBY -Best Buy Message Board

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Non-Tech : BBY -Best Buy

BBY 71.76

+0.4%

3:59 PM EST

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To: Richard Tsang who wrote (791)	6/16/1999 2:10:00 AM
From: Tae Spam Kim	of 980

Best Buy Rocks On Best Buy announced first quarter earnings tripled this year, beating the most optmistic projections. The company is benefiting from the shift to digital video products such as DVDs and satellite TV systems. Best Buy Co. said Tuesday that fiscal first-quarter net income tripled, surpassing already inflated expectations, riding the tide of surging demand for digital satellite-television systems, wireless phones, videodisk players and camcorders. The electronics retailer said it earned $47.3 million, or 22 cents a diluted share, compared with year-ago net of $15.7 million, or eight cents a diluted share. The results for the quarter ended May 29 topped analysts' estimates by two cents a share. - Dow Jones

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