Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now
Best Buy Reports Better-Than-Expected Earnings. The Stock Falls Anyway.
In This Article:
Best Buy stock fell in premarket trading Tuesday even after the electronics retailer reported fourth-quarter earnings and revenue that topped expectations. For the quarter ended Feb. 1, Best Buy posted adjusted earnings of $2.58 a share, beating Wall Street’s calls for $2.40. Domestic revenue fell to $12.72 billion from $13.41 billion in the previous year, while international revenue decreased slightly to $1.23 billion from $1.24 billion.
Terms and Privacy Policy