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
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investors.bestbuy.com/investor-relations/overview/default.aspx
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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
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BBY
News
- Why Jim Cramer is nervous about Best Buy, plus a bright spot in this down market [MSNBC.com]MSNBC.com
- Best Buy Joins Tiger Woods' Indoor League, TGL, As Founding Partner [Forbes]Forbes
- Best Buy Co., Inc. (NYSE: BBY) had its price target lowered by analysts at Citigroup Inc. from $115.00 to $109.00. They now have a "buy" rating on the stock.MarketBeat
- Best Buy (BBY) Loses -9.37% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner [Yahoo! Finance]Yahoo! Finance
- Super giant TVs are flying off store shelves [Yahoo! Finance]Yahoo! Finance
BBY
Earnings
- 8/29/24 - Beat
BBY
Sec Filings
- 10/15/24 - Form 4
- 10/7/24 - Form 4
- 9/26/24 - Form 4
- BBY's page on the SEC website