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Best Buy Shares Surge After Surprise Q4 Earnings Beat, Solid 2019 Guidance

Best Buy posted stronger-than-expected fourth quarter earnings Wednesday, and forecast solid full-year profits, as softer mobile phone sales were offset by gains in wearables, appliances and gaming.

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Best Buy said earnings for the three months ending in January, the company's fiscal fourth quarter, came in at $2.69 per share, up nearly 41% from the same period last year and well ahead of the Street forecast of $2.56 per share. Group revenues, Best Buys said, rose 9.77% from last year to $14.8 billion and topped the consensus forecast of $14.7 billion. Comparable U.S. sales were also much stronger-than-expected, rising 3% from last year against a 2.03% forecast. 

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https://www.thestreet.com/investing/earn...yptr=yahoo

Best Buy (BBY) Q2 Earnings Top Estimates

Best Buy (BBY) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this consumer electronics retailer would post earnings of $0.88 per share when it actually produced earnings of $1.02, delivering a surprise of 15.91%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Best Buy, which belongs to the Zacks Retail - Consumer Electronics industry, posted revenues of $9.54 billion for the quarter ended July 2019, missing the Zacks Consensus Estimate by 0.33%.


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https://finance.yahoo.com/news/best-buy-...12194.html

Best Buy (BBY) Beats Q4 Earnings and Revenue Estimates

Best Buy (BBY) came out with quarterly earnings of $2.90 per share, beating the Zacks Consensus Estimate of $2.76 per share. This compares to earnings of $2.72 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 5.07%. A quarter ago, it was expected that this consumer electronics retailer would post earnings of $1.04 per share when it actually produced earnings of $1.13, delivering a surprise of 8.65%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Best Buy, which belongs to the Zacks Retail - Consumer Electronics industry, posted revenues of $15.20 billion for the quarter ended January 2020, surpassing the Zacks Consensus Estimate by 0.73%. This compares to year-ago revenues of $14.80 billion.


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https://finance.yahoo.com/news/best-buy-...01983.html