Best Buy (NYSE:BBY) Gains After Surprising Results Beat
August 30 2022 - 08:35AM
TipRanks
Shares of Best Buy (NYSE:BBY) were seen rising in Tuesday's
pre-market trading session, at the time of writing, after the
consumer electronics retailer posted better-than-expected earnings
and revenues for the second quarter of the Fiscal Year 2023. While
the forecast was adjusted to the company's warning earlier this
month, Best Buy managed to pull off a surprise. Earnings per share
stood at $1.54, surpassing analysts' estimates of $1.27 a share.
Further, revenues of $10.33 billion best Street's expectation by
$80 million.
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