Best Buy Shares Plunge On Disappointing Holiday Sales Data
January 16, 2014 at 11:01 AM EST
On Thursday morning, Best Buy (NYSE: BBY ) announced holiday results that were disappointing. The company reported revenue of $11.45 billion during the nine week period that ended January 4. The company collected $11.75 billion during the same period last year. Holiday sales were hurt by a period of slow customer