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Services | Electronics Stores | USA
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
![[Bild: BBYc1dl0856.png]](https://finviz.com/publish/022719/BBYc1dl0856.png)
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.
...
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.
...
https://www.thestreet.com/investing/earn...yptr=yahoo
