What To Watch Thursday May 22: Earnings From Best Buy

Best Buy reports its quarterly results on Thursday and analysts have cut their expectations by 40 percent amid stiff competition from Amazon. Analysts are looking for earnings of $0.20 cents a share...down more than $0.10 cents a share from a year ago. Revenue expectations are equally as low at $9.2 billion, representing a decline in sales of almost 2-percent. Investors will be looking for increased sales in their online business, which will be a key performance highlight. Along with, whether or not Best Buy is attracting customers away from Walmart with its lower price points. Best Buy is continuing to focus on its multi-platform presence going forward.