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Best Buy Co, Patterson Companies, Gap and more - PRE-MARKET

Last updated: 08:02 01 Mar 2018 EST, First published: 03:02 01 Mar 2018 EST

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Best Buy Co was a stock in the frame on pre-market

Best Buy Co Inc (NYSE:BBY)  shares shed  4.94% to US$ 76.02 in pre-market deals in New York, despite it reporting surging sales at stores and topping Wall Street's profit and revenue expectations for the fourth quarter.

Yesterday, the group said it was shutting all 250 of its small-format mobile phone stores in the USA, saying the locations have become less profitable.

Meanwhile, Patterson Companies Inc (NASDAQ:PDCO) saw shares shed 0.82% before the bell as the medical supplies released a profit for third quarter that fell from last year.

The company said its earnings came in at US$39.55mln, or US$0.43 per share, which was lower that the US$55.42mln, or $0.58 per share, in last year's third quarter.

Meanwhile, Kohl's Corporation (NYSE:KSS) shares are up 1.07% to US$66.80 as the department store firm unveiled fourth-quarter earnings and sales that beat expectations. Net income totaled US$468.0mln, or US$2.81 per share, compared with US$252.0mln, or US$1.44 per share, for the same period last year.

Elsewhere, Gap Inc (NYSE:GPS) shares are up 1.15% to US$31.59 before the bell.

The clothing giant is expected to post quarterly earnings of US$0.58 per share on revenue of US$4.65bn after the closing bell.

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