Best Buy Stock Is Sinking After Earnings. Here's Why
Best Buy is one of the worst S&P 500 stocks Tuesday after the retailer missed quarterly earnings expectations and slashed its full-year forecast.
Compared to Estimates, Best Buy (BBY) Q3 Earnings: A Look at Key Metrics
The headline numbers for Best Buy (BBY) give insight into how the company performed in the quarter ended October 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
2 Retail Stocks Reacting to Quarterly Reports
Shares of Dick's Sporting Goods Inc (NYSE:DKS) and Best Buy Inc (NYSE:BBY) are in focus today, after both retail giants reported third quarter results.
US Stocks Mixed; Best Buy Posts Downbeat Earnings
U.S. stocks traded mixed this morning, with the Dow Jones index falling around 200 points on Tuesday.
Best Buy cuts guidance after softer pre-festive sales
Best Buy Co Inc (NYSE:BBY) shares dropped 2% pre-market after the electronics retailer cut guidance because of softer sales in the third quarter. Full-year comparable sales are now guided to decline 2.5% to 3.5%, compared to its previous forecast of a 1.5% to 3.0% drop.
Best Buy (BBY) Q3 Earnings and Revenues Lag Estimates
Best Buy (BBY) came out with quarterly earnings of $1.26 per share, missing the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.29 per share a year ago.
Best Buy's stock slides as ‘softer-than-expected' demand leads to sales, earnings miss
Macro uncertainty, customers waiting for deals and sales events, and distraction during the run-up to the election led to softer-than-expected demand, according to Best Buy CEO Corie Barry.
Best Buy Earnings Miss on All Fronts. The Stock Tumbles.
The retailer's earnings and sales fell short of consensus estimates.
Best Buy cuts full-year sales forecast due to softer demand for consumer electronics
Best Buy on Tuesday cut its full-year sales forecast. The retailer missed Wall Street's quarterly revenue expectations.
Best Buy cuts annual profit, sales forecasts on tepid holiday demand
Best Buy cut its annual profit and sales forecasts on Tuesday, in a sign that the holiday shopping season would be marked by aggressive discounts and tepid demand for pricey electronics such as televisions and home theater systems.
How To Earn $500 A Month From Best Buy Stock Ahead Of Q3 Earnings
Best Buy Co., Inc. BBY will release earnings results for its third quarter, before the opening bell on Tuesday, Nov. 26.
Best Buy's Growth Hinges On Computing And Services As Q3 Approaches: Analyst
BofA Securities analyst Robert F. Ohmes maintained an Underperform rating on Best Buy Co, Inc BBY with a price target of $80.
