Why Best Buy (BBY) Stock Is Down Today

NEW YORK (TheStreet) -- Shares of Best Buy Co., Inc. (BBY) are down -5.67% to $24.64 in heavy trading volume two days before it reports its first quarter 2015 earnings before Thursday's market open.

The stock trades just above its 52 week low.

The consensus earnings per share estimate from Thomson Reuters for the quarter is 20 cents versus the annual estimate of $2.20 per share.

Must Read: Warren Buffett's 25 Favorite Growth Stocks

 

The consumer electronics firm is expected to report revenue of $9.20 billion, about a 2% decline from last year's first quarter.

BBY Chart

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