SAN FRANCISCO --
late Wednesday reaffirmed its full-year 2008 earnings guidance.
The electronics online retailer said in an
regulatory filing that full-year earnings would range from $2.95 to $3.15 a share.
The company forecast full-year revenue of $39 billion, with same-store sales expected to increase 3% to 5%.
Thomson First Call analysts forecast EPS of $3.05 on revenue of $39.5 billion.
Best Buy added that it expects a "modest benefit" to earnings in the coming year from its $5.5 billion buyback program.
In June, the company
announced a $5.5 billion share buyback and raised its quarterly dividend. A week earlier, the Minneapolis-based retailer posted disappointing earnings for its first quarter in which profit unexpectedly slid 18%. It then lowered its financial guidance for the year.
The company's analyst day is scheduled on Aug. 9.
Shares of Best Buy gained 2.7% to $46.51 after hours.