Best Buy (NYSE:BBY) announced that it earned $2.47 per share during is fiscal fourth quarter, exceeding analyst estimates of $2.15 per share. The company projected full year earnings of $3.50 to $3.80 per share, while analysts expected $3.70 per share. The company also said it plans on closing fifty stores this year in an effort to control costs.
Shares are slightly lower in early trading.
Walgreens (NYSE:WAG) announced that it earned $683 million during its fiscal second quarter, down by 7.7 percent from $739 in the same period a year earlier. The company said that a weak flu season, and the the termination of a prescription contract with Express Scripts (ESRX) had a negative impact on earnings.
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