Movers: Best Buy, Macy's, General Motors, AK Steel
Best Buy (BBY) says October same-store sales fell 7.6%; now says same-store sales for the four months remaining in fiscal year 2009 (November 2008 through February 2009) could decline by 5%-15%, resulting in annual same-store sales drop of 1%-8% vs. previous forecast of up 2%-3%. The electronics retailer cuts $3.25-$3.40 fiscal year 2009 EPS guidance to $2.30-$2.90.
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