Best Buy earns - does stock drop mean trouble?

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September 14, 1999
Bill Catlin - Reporter
Listen: Best Buy earns - does stock drop mean trouble?
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Twin Cities based Best Buy company, the nation's leading consumer electronics retailer.. releases its second quarter earnings today. The company's share price has fallen percent since hitting a high of 79 last July. The drop reflected fears in some quarters that higher interest rates and other factors could hurt consumers's buying sentiment. If the company's earnings report falls short of Wall Street's expectations, the stock could plunge further. But several analysts say the company's prospects remain good.

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