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Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (23218)	12/12/2000 12:06:49 PM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

Best Buy (BBY: news, msgs) gained more than 12 percent after the company reported third-quarter earnings of $57/3 million, or 27 cents a share, down from last year's profit of $78.4 million, or 37 cents a share. This performance matched the already-lowered average analyst EPS estimate compiled by First Call of 27 cents. Revenue for the period rose 20 percent over last year to $3.7 billion, and same-store sales increased 5.9 percent. Back on Nov. 9, the company had lowered Q3 earnings expectations. At the time, analysts were expecting EPS of 44 cents. The shares closed Monday at $24.56, up 10.1 percent. The shares rose $3.25 to $27.81.