Best Buy Profit Tops Estimates; Warns Weaker Days Ahead

Best Buy Co., Inc. (NYSE:BBY) reported a loss in its fiscal 2014 first quarter. The retail chain warned of hurdles ahead for the coming quarter.

Best Buy Earnings Details

The big-box retailer of electronics gear posted adjusted diluted earnings per share of $0.32 and $9.38 billion in revenues. Best Buy posted an EPS of $0.76 on revenues of $10.37 million in the same period a year ago.

Analysts polled by Thomson Reuters estimated first quarter earnings of 25 cents a share on $10.66 billion in revenue.

The Richfield, Minn. retail...