Market Overview

UPDATE: Best Buy Posts Upbeat Q1 Sales

Share:
Related BBY
Study: Top Retailers Will Lose $5.4 Billion In Mobile Revenue This Holiday Season
The State Of Music In 2016: Vinyl Vs. Digital
Best Buy: The Gift That Keeps On Giving (Seeking Alpha)

Best Buy Co Inc (NYSE: BBY) reported a drop in its fiscal first-quarter profit.

Best Buy's quarterly profit declined to $158 million, or $0.46 per share, from $212 million, or $0.53 per share, in the year-ago period. On an adjusted basis, Best Buy earned $0.72 per share.

Best Buy's revenue rose to $11.61 billion, from $11.37 billion. However, analysts were expecting earnings of $0.59 per share on revenue of $11.50 billion.

Best Buy shares gained 6.71% to $19.39 in pre-market trading.

Posted-In: profitEarnings News

 

Related Articles (BBY)

View Comments and Join the Discussion!