Best Buy’s share in pre-conference trading rose 5%, as it announced the first quarter earnings that exceeded estimates. The electronics retailer posted a net profit of $ 341 million, or $ 1.49 per share, up from $ 595 million, or $ 2.32 a share, a year ago. Adjusted earnings per share stood at $ 1.57 […]
Tag: Best Buy
Best Buy: Sales in the quarter lower than expected (upd)
LAST UPDATE 14:47 Best Buy announced comparable sales in the quarter that were lower than expected, mainly due to the shortages of some electronic products but also the lack of staff. Comparable sales fell 2.3% in the fourth quarter to January 20, compared with analysts’ estimates for a fall of 0.2%. The stock rose 1.6% […]
Best Buy Exceeds Third Quarter Earnings Forecast, Yet Shares Fall Amid Fourth Quarter Uncertainty
Best Buy’s same-store sales soared by 23% while online sales in the country rocketed by 174% in the third quarter. Still, the company’s shares dropped on Tuesday as the company refuses to provide any future guidance.
Key Corporate Earnings Reports To Watch This Week: Best Buy, Dell Technologies & More
Even as Wall Street prepares for a week shortened by Thursday’s Thanksgiving, investors should be keeping an eye on the upcoming key corporate earnings reports set to release this week.