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Best Buy Earnings Like Twigs Over a Jungle Trap

Category : Business

NEW YORK (TheStreet) — Best Buy’s earnings, reported yesterday, were like twigs over a jungle trap. They looked fine or, at least, better than expected. Some trumpeted the earnings as evidence of a comeback. The Associated Press termed the earnings “sorely needed good news.”

But there was less there than meets the eye. Far less.

Best Buy’s tax rate was considerably lower and there were also less shares outstanding. …

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