Best Buy did better than expected in the third quarter, their profits dropped 77%, they announced a plan to offer employee buyouts, and investors are happy. Read these two accounts of the same story.
Best Buy Co (BBY.N) reported better-than-expected quarterly results on Tuesday and plans to offer employee buyouts and trim back store openings as consumers cut spending, sending shares up 17 percent.
Best Buy Co. Inc. , the nation’s biggest consumer electronics retailer, said Tuesday that its third-quarter profit sank 77 percent as it faced dramatic changes in consumer spending.
Isn’t the difference amazing? Why does the AP always start their articles so negatively?
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E-Mail sent to any kooksinsuits.com address, or the feedback address listed at the top of the page, may be considered for publication unless the recipient is expressly notified otherwise.
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