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

Market news

26 November 2019

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

Best Buy (BBY) reported Q3 FY 2019 earnings of $1.13 per share (versus $0.93 in Q3 FY 2018), beating analysts’ consensus estimate of $1.03.

The company’s quarterly revenues amounted to $9.764 bln (+2.10% y/y), generally in line with analysts’ consensus estimate of $9.707 bln.

The company also issued in-line guidance for Q4, projecting EPS of $2.65-2.75 vs. analysts’ consensus estimate of $2.66 and revenues of $14.75-15.15 bln vs. analysts’ consensus estimate of $14.99 bln.

BBY rose to $77.95 (+4.98%) in pre-market trading.

U.S. goods trade deficit unexpectedly narrows in October

U.S.: Goods Trade Balance, $ bln., October -66.53

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