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Shares of Best Buy Co (NYSE:BBY) rose 1.2% in pre-market trading after the company reported Q1 results.
Quarterly Results
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Earnings per share decreased 34.31% year over year to $0.67, which beat the estimate of $0.60.
Revenue of $8,562,000,000 declined by 6.34% from the same period last year, which beat the estimate of $8,350,000,000.
Looking Ahead
Best Buy Co hasn't issued any earnings guidance for the time being.
Best Buy Co hasn't issued any revenue guidance for the time being.
Conference Call Details
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Date: May 21, 2020
Time: 08:00 AM
Price Action
Company's 52-week high was at $91.99
Company's 52-week low was at $48.10
Price action over last quarter: Up 7.93%
Company Profile
Best Buy is one of the largest consumer electronics retailers in the U.S., with product and service sales representing 9.3% of the $450 billion in personal consumer electronics and appliances expenditures in calendar 2018 based on estimates from the U.S. Bureau of Economic Analysis. The company is focused on accelerating online sales growth, improving its multichannel customer experience, launching new in-store and in-home service offerings, optimizing its U.S., Canada, and Mexico retail store square footage, lowering cost of goods sold through supply-chain efficiencies, and reducing selling, general, and administrative costs.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.