25.05.2016 - Shares of Best Buy shows a steady decline
Stock price of Best Buy is reduced on a background of the publication of data for the 1st quarter of this year, when the profit totaled 229 million dollars against 129 million dollars during the same period last year. Revenue dropped by 1.3% to 8.44 billion. In addition, the companies claim the worsening outlook for the current quarter, as well as leaving the top manager Sharon McCollum. Despite the revenue growth, the dynamics of shares will be under the pressure of weak data on revenue. We forecast a drop in the company's share price by 15-20% in the medium term.