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Russia criticizes U.S. for 'anti-Cuban' approach, says it sides with Cuba World News | Sun Jun 18, 2017 | 5:36am EDT Russia criticizes U.S. for 'anti-Cuban' approach, says it sides with Cuba A man holds a Cuban flag and a picture of the Russian Orthodox church as he waits for Patriarch Kirill, the head of the Russian Orthodox Church to lead a mass, in Havana, Cuba February 14, 2016. REUTERS/Alexandre Meneghini FILE PHOTO: People stand on the Great Moskvoretsky Bridge, with the headquarters of Russian Foreign Ministry seen in the background, in central Moscow, Russia, March 28, 2016. REUTERS/Maxim Shemetov/File Photo U.S. President Donald Trump signs a document after announcing his Cuba policy at the Manuel Artime Theater in the Little Havana neighborhood in Miami, Florida, U.S. June 16, 2017. REUTERS/Joe Skipper MOSCOW The Russian Foreign Ministry said on Sunday that "anti-Cuban" actions recently announced by Washington were regrettable and that Moscow confirmed its solidarity with Havana. The ministry also said that the new approach toward Cuba by the U.S. administration resembles a "Cold war rhetoric". U.S.
"There is no revenue associated with an in-home adviser visit specifically," Joly explained. "Remember this is a free visit from an in-home adviser who's going to come and help you... The revenue comes from what you would choose to purchase as a result of that visit, be it hardware or services." Additionally, Best Buy is matching competitive online prices in its stores, renting portions of its floor space to Samsung and Microsoft , ditching an overseas expansion strategy and instead focusing on selling higher-margin electronics and appliances, at a time when department store chains like Sears are struggling. "Q1 continued the trend of Best Buy enhancing its competitive position," Moody's lead retail analyst Charlie O'Shea wrote in a note to clients. "Potential performance pressure points were evident during the quarter, including delays in income tax refunds and hhgregg bankruptcy and still-ongoing liquidation; however, Best Buy successfully avoided the trap of chasing low quality/margin sales," he said. Best Buy's net income fell to $188 million, or 60 cents per share, in the latest quarter, from $229 million, or 70 cents a share, a year earlier. Analysts were expecting earnings of 40 cents per share, according to Thomson Reuters consensus estimates. The retailer's revenue climbed 1 percent, to $8.53 billion, beating the average analysts' forecast for $8.28 billion. "I think what Best Buy has figured out is where the actually makes sense," versus putting consumer electronics online, Oppenheimer retail analyst Brian Nagel told CNBC on Thursday.
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