Stock Buzz Radar: Best Buy and Zynga Show Signs of Life, Boeing Flies Lower
Shares of Best Buy (NYSE:BBY) surged more than 16 percent on Friday, but edged slightly lower in late afternoon trading. The Minneapolis-based retailer announced holiday revenue results. For the nine weeks ended January 5, 2013, revenue came in at $12.8 billion, representing a 0.4 percent decline from the $12.9 billion a year earlier. However, its U.S. online channel delivered revenue of $1.1 billion, a 10 percent increase from the prior year.