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Best Buy Reports 4Q Earnings

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  • Description

    FBN's Diane Macedo breaks down Best Buy's earnings.

  • Duration 0:52
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Earnings now from Best Buy electronics retailers reporting an adjusted profit of one dollar 64 cents a share top in the estimates by ten cents.

Revenue came in at sixteen point 71 billion dollars that was also be.

Analysts were expecting sixteen.

Point 34 -- this all comes as news breaks that efforts by best founders but size founder to take the company privately have reportedly.

Come to a halt -- -- have been trying to get a deal together -- since the summer but according to these reports these talks have ended.

The deal he was proposing involves him and a group of buyout firms taking a minority stake in the retailer -- exchange for three seats three seats on the board.

But -- -- possible that he could come back with another proposal.

-- imagine he's been working since last summer to try to secure the financing to take the company private in an August he said he submitted an offer.

That valued Best Buy at about eight billion dollars.

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