Category: Companies / November 19, 2013 3:08 PM EST
Best Buy Co., Inc. (NYSE: BBY) reported fiscal third-quarter earnings of $54 million, or 16 cents a share, compared with a net loss of $10 million, or 3 cents a share, a year ago. Meanwhile, revenue fell to $9.36 billion from $9.38 billion during the same period a year earlier. Wall Street had expected the consumer electronics retailer to report earnings excluding items of 12 cents a share on revenue of $9.36 billion, according to analysts polled by Reuters.
However, Best Buy warned that Black Friday 2013 promotions may threaten holiday quarter profit.
On Tuesday, shares of Best Buy tumbled 9.18 percent to $39.56 in afternoon trading.
The Home Depot, Inc. (NYSE: HD) said it earned $1.35 billion, or 95 cents per share for the third-quarter, compared with earnings of $947 million, or 63 cents per share, a year ago. Revenue came in at $19.47 billion from $18.13 billion, above Wall Street expectations.
Shares of Home Depot rose 1.07 percent to $80.52.
Campbell Soup Company (NYSE: CPB) posted fiscal first-quarter earnings of $172 million, or 54 cents per share, down from $245 million, or 78 cents per share, a year ago. Revenue fell 2 percent to $2.17 billion, below Wall Street forecasts. In addition, the company cut its outlook for the year.
Campbell Soup shares plunged 6.29 percent to $39.18.