Company News: Best Buy (BBY) quarterly earnings beat analysts’ estimate

Market news

23 May 2019

Company News: Best Buy (BBY) quarterly earnings beat analysts’ estimate

Best Buy (BBY) reported Q1 FY 2019 earnings of $1.02 per share (versus $0.82 in Q1 FY 2018), beating analysts’ consensus of $0.87.

The company’s quarterly revenues amounted to $9.142 bln (+0.4% y/y), generally in line with analysts’ consensus estimate of $9.138 bln.

The company also reaffirmed guidance for FY 2019, projecting EPS of $5.45-5.65(vs. analysts’ consensus estimate of $5.67) and revenues of $42.9-43.9 bln (vs. analysts’ consensus estimate of $43.54 bln).

BBY rose to $70.44 (+1.84%) in pre-market trading.

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