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Fly News Breaks for March 1, 2017
BBY
Mar 1, 2017 | 08:25 EDT
Loop Capital analyst Anthony Chukumba, commenting on Best Buy's below-consensus Q1 earnings guidance, said the company has a long track record of "underpromising and overdelivering." While awaiting more details on this morning's earnings call, he said he was encouraged by the company's Q4 bottom line beat, particularly against the weak holiday quarter results reported by other retailers. Chukumba has a Buy rating on Best Buy shares.
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