Best Buy Profit Plummets 91% in Q2: $12 million net earnings? At first I thought this was a typo. And these are the guys turning down an $8B takeover bid?
Best Buy Co., Inc. today announced GAAP net earnings from continuing operations were $12 million, or $0.04 per diluted share, for the three months ended August 4, 2012 compared to net earnings from continuing operations of $150 million, or $0.39 per diluted share for the prior-year period. Excluding previously announced restructuring charges, adjusted (non-GAAP) net earnings from continuing operations for the second quarter of fiscal 2013 were $68 million, or $0.20 per diluted share.
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