Best Buy reported today earnings results that beat the market consensus both in the top and bottom lines.
Here are the key points:
Best Buy reported adjusted EPS of $1.38 beating the analyst’s estimates of $1.03.
BBY revenue came at $10.59 billion above the market expectations of $10.31 billion.
Same-store sales dropped 10.4%, the forecasts were for a drop of 12.9%.
Net income dropped to $277 million, or $1.22 per share, from $499 million, or $2 per share, in the third quarter of 2021.
As of writing Best Buy stock is trading 11.48% higher at $78.96.
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