American consumer electronics retailer Best Buy Co. (NYSE: BBY) has joined a growing number of American retailers to lower their expectations for the second quarter and rest of the fiscal year. To make things worse, the company has temporarily paused its stock buyback program but will continue to pay the $0.88 per share common stock dividend. BBY stock plunged nearly 10% on the news during after-hours trading but closed the session down 2.3%.
https://www.tipranks.com/news/best-buy-slashes-sales-forecast-for-q2-fy23?utm_source=advfn.com&utm_medium=referral
Best Buy (NYSE:BBY)
Historical Stock Chart
From Sep 2022 to Oct 2022 Click Here for more Best Buy Charts.
Best Buy (NYSE:BBY)
Historical Stock Chart
From Oct 2021 to Oct 2022 Click Here for more Best Buy Charts.