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Recent Sector News
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Best Buy Q1 profit slips but beats estimates
Electronics retailer Best Buy (NYSE:BBY) Tuesday posted fiscal first-quarter earnings that beat analyst estimates thanks to high
demand for smartphones. -
Wal-Mart posts strong Q1 profits as U.S. sales jump
Wal-Mart Stores (NYSE:WMT) posted a better-than-expected fiscal first-quarter profit Thursday as its U.S. segment showed a 2.6 percent rise in same-store sales.
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RadioShack posts Q1 loss, shares down 10.5%
Electronics retailer RadioShack (NYSE:RSH) rang up a loss in its first quarter as sales dropped, particularly in U.S. stores.
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Netflix's cautious outlook overshadows Q1 subscriber gains
Video rental company Netflix (NASDAQ:NFLX) late Monday posted a first-quarter loss, its first in seven years, linked to its international expansion.
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Groupon sued over revised results, IPO
Online coupon website Groupon (NASDAQ:GRPN) is being sued by a shareholder for misleading investors about its financial results and concealing weak internal controls.
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Costco Q2 earnings up 13% as same-store sales rise
Costco Wholesale Corp. (NASDAQ:COST) Wednesday reported a 13 percent jump in fiscal second-quarter earnings as the wholesale club operator reported better-than-expected revenue growth and strong same store sales growth.
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