Best Buy beats Q3 expectations with revenue and adjusted earnings, but stock falls 5%.

From Barchart: 2025-01-01 04:08:29

Best Buy (BBY) recently released their Q3 earnings report, beating expectations with revenue of $11.85 billion, up 3.5% from last year. The company reported adjusted earnings per share of $1.48, compared to the expected $1.40. Online sales saw a significant increase of 17.1% year over year. Despite the positive results, Best Buy’s stock fell 5% post-earnings due to concerns about holiday season sales and supply chain issues. Analysts are divided on whether to buy, sell, or hold Best Buy stock, with some recommending caution due to uncertainties in the retail sector.



Read more at Barchart: Best Buy (BBY): Buy, Sell, or Hold Post Q3 Earnings?