Best Buy Is Getting Crushed

Best Buy stock is getting hammered today after management warned that Q3 earnings would be significantly below those from a year ago.

The stock was down more than 9 per cent this morning.

In its release yesterday, Best Buy announced a management shake-up that entails eliminating several positions including the president of U.S. business.

Here’s the chart:

bby

Photo: Yahoo

SEE ALSO: A Best Buy Exec Explains The Truth About “Showrooming” >

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