Market Overview

UPDATE: Best Buy Rises On Upbeat Earnings

Share:
Related BBY
Keep An Eye On These 10 After-Hours Movers
This Startup Wants To Be Google Analytics For The Physical World
3 ETFs to Add to Your Celebrations on July Fourth - ETF News And Commentary (Zacks)

Best Buy Co (NYSE: BBY) posted a profit in the fourth quarter.

Best Buy swung to a quarterly profit of $293 million, or $0.83 per share, versus a year-ago loss of $409 million, or $1.21 per share. Its adjusted operating income from continuing operations came in at $1.24 per share.

Its revenue slipped to $14.47 billion versus $14.92 billion. However, analysts were projecting earnings of $1.01 per share on sales of $14.67 billion.

Best Buy shares gained 5.38% to $27.21 in pre-market trading.

Posted-In: profitEarnings News

 

Related Articles (BBY)

Around the Web, We're Loving...

Get Benzinga's Newsletters