EdgeWater 12/15/2010 11:25:08 PM
News / Business

Electronics Retailer Stocks Declined (Best Buy Co, GameStop Corp., HGG, RSH)

Electronics Retailer Stocks Declined

Best Buy Co., Inc. (NYSE:BBY) slumped 14.82% to $35.52. The third-quarter net earnings attributable to the company slipped to $217 million from $227 million a year ago. However, earnings per share for the quarter increased to $0.54 from $0.53 in the previous year.

On average, 25 analysts polled by Thomson Reuters expected earnings per share of $0.61 for the quarter. Analysts’ estimate typically excludes one-time items.

Revenue for the three months ended November 27, 2010 decreased to $11.89 billion from $12.02 billion in the comparable period. Twenty-three analysts estimated revenues of $12.47 billion for the quarter.

GameStop Corp. (NYSE:GME) slid 0.82% to $21.74. The 52-week range of the stock is $17.12-$25.75.

The stock opened at $21.73 and is trading within the range of $21.30-$21.87. The stock fell more than 1% year-to-date.

hhgregg, Inc. (NYSE:HGG) plunged 9.87% to $22.19. The 52-week range of the stock is $18.20-$31.14. The stock added more than 1% year-to-date.  

The stock has average daily volume of 673K shares.

RadioShack Corporation (NYSE:RSH) lost 3.02% to $18.63. The 52-week range of the stock is $17.70-$24. The stock lost more than 4% year-to-date.  

The average daily volume of the stock is 3.58 million shares. At today`s closing market price, the market capitalization of the company stands at $2.12 billion.

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