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What to Expect From Best Buy Earnings

Best Buy Co. Inc. (BBY) is scheduled to report its fiscal second-quarter financial results Tuesday before the markets open. The consensus estimates from Thomson Reuters call for $0.34 in earnings per share (EPS) on $8.29 billion in revenue. In the same period of the previous year, the specialty retailer posted EPS of $0.44 and revenue of $8.90 billion.

This top electronics retailer has bounced back-and-forth as a Wall Street favorite, and it could be set for a solid second half despite corporate guidance for sluggish sales. Best Buy announced recently it would start selling the Apple Watch next month, becoming the first national retail chain to offer the device outside of Apple’s own stores. This could be just the kind of product to help lure consumers back to the retailing giant.

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