NEW YORK (TheStreet) -- Best Buy (BBY), the electronics retailer, confirmed its fiscal-year adjusted diluted earnings per share guidance range of $3.35 to $3.65 after posting fiscal third-quarter profit of 47 cents a share on revenue of $12.10 billion.
Analysts were expecting earnings of 51 cents a share on revenue of $12.14 billion.
The company reported domestic comparable-store sales growth of almost 1%.
Shares were dropping 9.2% to $25.50.
Apparel retailer Urban Outfitters (URBN) announced in a regulatory filing that its retail same-store sales were up in the mid-single digits so far in the fourth quarter. Shares were surging 11.7% to $29.55.
Pantry (PTRY) reported fourth-quarter earnings of 37 cents a share compared with the average analyst estimate of 55 cents. Shares were down 6.6% to $11.09.
Medical device maker Medtronic (MDT) agreed to pay $23.5 million to settle allegations that it paid kickbacks to physicians to persuade them to use its pacemakers and defibrillators. Shares were falling 1.2% to $35.03.
Southwest (LUV) will become the launch customer for the new Boeing (BA) 737 MAX, the companies said Tuesday. The carrier became the first customer to place firm orders for the new aircraft, with the first delivery slated for 2017. The order is for 150 aircraft. Boeing shares were up 0.9% to $71.50.
AT&T (T) is considering ways to restructure its proposed $39 billion acquisition of T-Mobile USA after a judge set a Jan. 18 hearing about the future of the merger. The Justice Department opposes the deal that brings together the No. 2 and No. wireless companies in the U.S. because of antitrust concerns. Most analysts think the deal is dead. "We are actively considering whether and how to revise our current transaction to achieve the necessary regulatory approvals," AT&T said Monday. AT&T shares were up 0.4% to $29.12.
Intel (INTC) closed 4% lower Monday to $24 after it lowered its fourth-quarter revenue forecast, citing hard disk drive shortages. Intel, the chip company, now expects fourth-quarter revenue between $13.4 billion and $14 billion, compared to its prior forecast of $14.2 million to $15.2 million. Shares were up 0.4% to $24.09.
FactSet Research (FDS) is expected by analysts to earn 99 cents a share on sales of $197 million in the fiscal first quarter ended in November. -- Written by Joseph Woelfel and Andrea Tse
>To contact the writer of this article, click here: Andrea Tse. >To submit a news tip, send an email to: tips@thestreet.com.
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