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Stock impact report

Best Buy shares rise after earnings beat consensus [MarketWatch]

Best Buy Co., Inc. (BBY) 
Last best buy co., inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: MarketWatch
Best Buy shares rise after earnings beat consensus Best Buy Co Inc. BBY, -1.12% shares rose 2.4% in Thursday premarket trading after the consumer electronics retailer reported first-quarter earnings that beat expectations. Net income was $265 million, or 98 cents per share, up from $208 million, or 72 cents per share, last year. Adjusted EPS was $1.02. Revenue totaled $9.14 billion, up from $9.12 billion in 2018. The FactSet consensus was for EPS of 87 cents and sales of $9.14 billion. Same-store sales rose 1.1%, ahead of the 1.0% FactSet estimate. For the second quarter, Best Buy is guiding for revenue of $9.5 billion to $9.6 billion, same-store sales growth of 1.5% to 2.5%, and adjusted EPS of 95 cents to $1. The FactSet consensus is for $9.5 billion, a same-store sales increase of 1.6% and EPS of 97 cents. For the year, Best Buy expects sales of $42.9 billion to $43.9 billion, same-store sales growth of 0.5% to 2.5%, and adjusted EPS of $5.45 to $5.65. FactSet forecasts sales of Show less Read more
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