Best Buy shares surge 11% on earnings beat despite sales decline

May 30, 2024 · Despite the earnings beat, revenue fell short of expectations, coming in at $8.85 billion against the consensus estimate of $8.97 billion. Best Buy's CEO, Corie Barry, attributed …

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Best Buy Shares Surge 11% On Earnings Beat Despite Sales Decline

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May 30, 2024 · Despite the earnings beat, revenue fell short of expectations, coming in at $8.85 billion against the consensus estimate of $8.97 billion. Best Buy's CEO, Corie Barry, attributed …

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Best Buy Shares Surge 11% On Earnings Beat Despite Sales Decline

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Best Buy's CEO, Corie Barry, attributed the solid profitability to effective management, which helped the company navigate a challenging sales environment marked by a 6.1% decline in …

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Best Buy Shares Surge 11% On Earnings Beat Despite Sales Decline

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May 30, 2024 · MINNEAPOLIS - Best Buy Co., Inc. (NYSE: NYSE: BBY) today reported a stronger-than-expected performance for the first quarter ended May 4, 2024, with adjusted …

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Why Best Buy's Stock Hit Its Highest Point In Over Two Years Today

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Aug 29, 2024 · Despite the narrowed revenue range and an updated comparable sales projection of a 1.5% to 3% decline compared to potentially flat to down 3% previously, Best Buy expects …

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Best Buy Beats Earnings Estimates As Its Sales Decline Stabilizes

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Aug 29, 2024 · BBY. Best Buy (BBY) posted better-than-expected results after a series of disappointing quarters. On Thursday, the company reported revenue of $9.29 billion, compared to estimates of $9.24 billion ...

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Best Buy Reports Q2 FY25 Results

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Aug 28, 2024 · Raises FY25 Non-GAAP Diluted EPS Guidance Range to $6.10 to $6.35. MINNEAPOLIS, August 29, 2024 — Best Buy Co., Inc. (NYSE: BBY) today announced results …

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Best Buy’s Stock Surges As Overall Sales Fall But ... - MarketWatch

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May 30, 2024 · Photo: (Getty Images) Shares of Best Buy Co. Inc. surged 12.6% in afternoon trading Thursday, after the consumer-electronics and appliances retailer saw an overall sales …

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Best Buy Stock Jumps 15%: Is It A Buy After Earnings Beat?

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Aug 29, 2024 · Earnings per share (EPS) in the quarter reached $1.34, surpassing Best Buy’s analyst community estimates of $1.16, an improvement from the $1.25 EPS recorded in the …

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Best Buy's Stock Jumps After Profit Beat, As Gaming Growth Offsets ...

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Feb 29, 2024 · Overall same-store sales, or sales of stores open at least a year, declined 4.8% to beat the FactSet consensus of a 5.4% decline. That marked the ninth straight quarter of year …

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Best Buy Stock Jumps On Earnings Beat Despite Falling Sales - MSN

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Analysts expect Best Buy to post adjusted earnings of $1.08 a share, and for revenue to fall by about 5% from a year earlier to $8.96 billion. Sales at electronics and appliance stores were …

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Why Best Buy Stock Just Jumped 16.5% - Nasdaq

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Aug 29, 2024 · Best Buy (NYSE: BBY) stock is finally taking off! After lagging the stock market for much of the past year, Best Buy shares soared 16.5% through 10:15 a.m. ET after reporting a …

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Best Buy Jumps On Q4 Report, Birkenstock Slides On Net Loss

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Feb 29, 2024 · Shares of Best Buy (BBY) are trading higher as the company posted its fourth quarter report, beating expectations with $2.72 adjusted earnings per share versus an …

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Best Buy Braces For Layoffs, Store Closures Amid Flat Revenue In Q4

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Mar 1, 2024 · For the full year, Best Buy posted $43.5 billion in revenue, a 6% year-over-year decline. Operating income also fell 12% to $1.6 billion, while net earnings also declined 12.5% …

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FAQs about Best Buy shares surge 11% on earnings beat despite sales decline Coupon?

How did Best Buy's earnings report affect shares?

Shares of Best Buy Co. Inc. charged higher Tuesday, after the consumer electronics and appliances retailer’s grand slam of an earnings report, in which it beat profit, revenue and same-store sales expectations and raised its full-year outlook. ...

Why did best buy stock rise 11%?

Shares of Best Buy advanced after the company's spring-quarter earnings came in above analyst projections despite mixed demand trends for consumer electronics. The shares were recently up 11%, pulling them into the green for the year. The electronics retailer posted a profit of $246 million, or ...

Did Best Buy's quarterly revenue fall year-over-year?

Best Buy's latest quarterly revenue fell year-over-year. (Graham Hughes/Bloomberg News) Shares of Best Buy advanced after the company's spring-quarter earnings came in above analyst projections despite mixed demand trends for consumer electronics. The shares were recently up 11%, pulling them into the green for the year. ...

How much did analysts expect from Best Buy?

Analysts surveyed by FactSet had been expecting $1.08 a share. Shares of Best Buy advanced after the company's spring-quarter earnings came in above analyst projections despite mixed demand trends for consumer electronics. The shares were recently up 11%, pulling them into the green for the year. ...

What does Best Buy expect from earnings per share (EPS)?

Despite the narrowed revenue range and an updated comparable sales projection of a 1.5% to 3% decline compared to potentially flat to down 3% previously, Best Buy expects adjusted earnings per share (EPS) of $6.10 to $6.35, up from an earlier range of $5.75 to $6.20. ...

Did Best Buy beat forecasts despite declining comparable sales?

Revenue and net income beat estimates for the quarter, despite declining comparable store sales. Best Buy lifted its profit projections despite expectations that comparable sales will decline amid "uneven" behavior from customers. ...