Specialty Retail Computer and Electronics Retail

  • HP Results

    Investors should appreciate that while HP's outlook is tough, it's gaining market share in the PC space, says Moor Insights & Strategy's Patrick Moorhead.

  • NEW YORK— Stocks posted modest gains on Tuesday, bringing indexes nearly back to the record levels they reached last week. Homebuilders rose sharply following a big jump in sales of new homes last month, and Best Buy soared after the electronics retailer reported a surge in profit as online sales increased. The Dow Jones industrial average rose 17.88 points, or...

  • Aug 23- Best Buy Co Inc reported a much higher-than-expected quarterly profit on strength in health and wearable items like smartwatches, and the largest U.S. electronics retailer raised its earnings outlook, sending its shares up nearly 17 percent. Best Buy Chief Executive Officer Hubert Joly said he expected demand to increase this quarter and next as...

  • Homebuilders rose sharply following a big jump in sales of new homes last month, and Best Buy soared after the electronics retailer reported a surge in profit as online sales increased. Volume on the New York Stock Exchange was again below 3 billion shares, marking one of the slowest days of the year. This week's biggest event is Friday, when Federal Reserve Chair...

  • Aug 23- Best Buy Co Inc reported a much higher-than-expected quarterly profit on strength in health and wearable items like smartwatches, and the largest U.S. electronics retailer raised its earnings outlook, sending its shares up nearly 16 percent. Chief Executive Officer Hubert Joly said he expected mobile phone sales to increase this quarter and next as...

  • Toll Brothers climbed 9 percent. Electronics retailer Best Buy surged 20 percent after reporting better online sales and lower costs, and Tableau Software jumped 13 percent after announcing an unexpected CEO change. Electronics retailer Best Buy surged 19 percent after reporting better online sales and lower costs, and Tableau Software jumped 13 percent...

  • Best Buy beats Street on top and bottom line

    Kate McShane, Citi, breaks down Best Buy's quarterly numbers which posted EPS of $0.57 (Adj.) on revenues of $8.533 billion.

  • The largest U.S. consumer electronics retailer also forecast revenue of $8.8 billion- $8.9 billion and a profit of 43- 47 cents per share for the third quarter. Analysts on average were expecting revenue of $8.77 billion and a profit of 45 cents per share, according to Thomson Reuters I/B/E/S. Best Buy said net income rose to $198 million, or 61 cents per share, in the...

  • Aug 23- Best Buy Co Inc reported a surprise rise in quarterly comparable stores sales, helped by strong demand for appliances and consumer electronics. Total revenue slightly rose to $8.53 billion. The largest U.S. consumer electronics retailer said net income rose to $198 million, or 61 cents per share, in the quarter, from $164 million, or 46 cents per share, a year...

  • NEW YORK— Best Buy's profit jumped 21 percent as the nation's largest consumer electronics retailer increased sales online and tried to create a better shopping experience in the stores while it also cut costs. Revenue at established stores, an important measure of a retailer's health, also managed a gain of 0.8 percent when Wall Street, according to a survey by...

  • Beyond Best Buy's earnings

    CNBC's Landon Dowdy takes a look at the three things Wall Street will be watching when Best Buy reports quarterly results.

  • The company's shares closed down 6.4 percent at $70.63 after falling as much as 7.4 percent. Chief Executive Brian Cornell said customer visits declined across product categories during the quarter but electronics sales fell by a double-digit percentage rate and accounted for about two-thirds of the overall decline in sales at stores open at least a year.

  • Aug 17- Retail chain Target Corp cut its fiscal-year profit outlook on Wednesday after quarterly sales fell more than expected due to lower demand for electronics and disappointing results in its grocery business. Shares of the sixth-largest U.S. retailer dropped 7 percent to $70.15, erasing their nearly 4 percent gain for 2016.. "It's a very cautious consumer,......

  • Apple may release new iPads in 2017

    The product refresh may include a new 10.5-inch iPad Pro and a low-cost version of the 9.7-inch model.

  • MacBook Pro overhaul may be coming

    The new model could feature a touch-screen strip for function keys, a slimmer screen and a Touch ID scanner.

  • Apple's cash pile shrinks to $231.5B

    The tech giant says its cash hoard got smaller for the first time in seven quarters.

  • Stocks to Watch: July 27, 2016

    Shares of Apple, Twitter and Panera Bread are making moves this Wednesday morning after releasing their latest earnings results.

  • July 20- Electronics and smart-phone retailers are seeing a jump in sales of mobile charging equipment since Pokemon GO was released in the United States two weeks ago and are now looking for more ways to drive potential customers into stores through the wildly popular game. AT&T Inc, GameStop Corp and RadioShack are all seeing a bump in sales of mobile chargers...

  • July 20- Electronics and smart-phone retailers are seeing a jump in sales of mobile charging equipment since Pokemon GO was released in the United States two weeks ago and are now looking for more ways to drive potential customers into stores through the wildly popular game. AT&T Inc, GameStop Corp and RadioShack are all seeing a bump in sales of mobile chargers...

  • Samsung Earnings

    Look out for hints in Samsung Electronic's guidance about efficiency and market share gains, says Moor Insights & Strategy's Patrick Moorhead.