Market Foolery: 08.21.2012
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 21 August 2012
⏱️ 17 minutes
🧾️ Download transcript
Summary
Best Buy, Barnes & Noble and Urban Outfitters all reported earnings and we dig through all three.
Transcript
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| 0:00.0 | It's Tuesday, August 21st. |
| 0:04.0 | Welcome to Market Fulry. |
| 0:05.0 | I'm Chris Helen joining me in studio today. |
| 0:07.0 | From Motley Full 1, Jason Moser, and from Motley Full |
| 0:10.0 | One, Jason Moser, and from Motley Full, Joe Maker. |
| 0:11.0 | Gentlemen, good to see you. |
| 0:12.0 | Y'all hello there. |
| 0:13.0 | A lot of earnings today. |
| 0:14.4 | We got earnings from Barnes and Noble, Urban Outfitters, and Best Buy. |
| 0:18.2 | I guess that's not a lot of earnings, but we've got earnings. |
| 0:20.4 | We've got earnings across the board. |
| 0:22.4 | Let's start with Best Buy. |
| 0:24.0 | Shares hit a nine-year low this morning |
| 0:27.0 | after the company's latest earnings came in way below expectations. |
| 0:31.0 | Joe, the company also suspended share buybacks for the year as well as guidance. |
| 0:35.9 | I think it's fair to say we were expecting bad and... |
| 0:39.1 | This was bad. |
| 0:40.8 | We got even worse. |
| 0:42.1 | Yeah, well, they were terrible results and we had low expectations, but they're even lower than |
| 0:47.4 | our low expectations. |
| 0:49.4 | Same store sales were down yet again. |
| 0:51.5 | The company said that they maintained market share, which |
... |
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