Goodbye BBY

(c) 2010 F. Bruce Abel

Toot toot tootsie goodbye, Best buy bootsie goodbye.

Best Buy profit falls short; shares drop
8:14 am ET 06/15/2010 - MarketWatch Pulse News Bullet
NEW YORK (MarketWatch) -- Best BUY Co. , the largest U.S. electronics retailer, said that its fiscal first-quarter profit rose to $155 million from $153 million a year earlier. Per-share profit was unchanged at 36 cents. Sales in the quarter ended May 29 climbed to $10.8 billion from $10.1 billion. The company kept its full-year profit of $3.45 to $3.60 a share. Analysts, on average, estimated Best Buy to earn 50 cents a share in the first quarter and $3.50 for the year, according to FactSet. 'While our financial results in the fiscal first quarter were below expectations, we remain confident that the strategic investments we are making will deliver more robust connected solutions for customers and support increased margin expansion during the fiscal year,' said Jim Muehlbauer, Best Buy's chief financial officer. 'Best Buy shares fell 6% in pre-market trading.