Big-box retailer Best Buy Co., Inc. (BBY) is benefiting from a growing demand for technology, as evidenced by a string of strong earnings reports. I am bullish on the stock. (See BBY stock charts on TipRanks) Another Winning Quarter On Tuesday, the company reported Q2 financial results for Fiscal Year 2022 that beat analyst expectations. Guidance was also raised for the rest of the year. Earnings per share rose 75.8% to $2.90. In addition, comparable sales rose 20%, and are expected to grow in the range of 9% to 11% for the entire year.
https://www.tipranks.com/news/article/best-buy-benefiting-from-growing-demand-for-technology?utm_source=advfn.com&utm_medium=referral
Best Buy (NYSE:BBY)
Historical Stock Chart
From Oct 2021 to Nov 2021 Click Here for more Best Buy Charts.
Best Buy (NYSE:BBY)
Historical Stock Chart
From Nov 2020 to Nov 2021 Click Here for more Best Buy Charts.