Best Buy sees tough year ahead

best buy

By Poroma Pant Best Buy Co. Inc. turned in better than expected fourth quarter results Thursday, but also warned investors that sales and earnings will be under heavy pressure in 2016. For the quarter ended Jan 30, the nation’s most prominent electronics retailer’s net income was $479 million, or $1.40 per diluted share, down from […]

Home Depot sales climbed as U.S. housing recovers

By Xiumei Dong Home improvement retail giant Home Depot Inc., helped by the improving U.S. housing market and favorable weather conditions, reported stronger-than-expected fiscal fourth-quarter results Tuesday. For the quarter ended Jan. 30, Home Depot reported a net income of $1.47 billion, or $1.17 per diluted share, a 6.7 percent increase compared with net earnings […]

Hyatt’s earning land just short of analyst estimates

By Xiumei Dong Hyatt Hotels Corp. turned in fourth-quarter earnings that, while slightly below analyst forecasts, underscored how the hotel chain is currently benefiting from having a smaller international presence than its rivals. Net income dropped to $37 million, or 26 cents per share, from $182 million, or $1.20 per share, in the year-ago quarter. […]