Best Buy Co. Inc. (BBY) has reported a rise in earnings for its second quarter, surpassing Wall Street expectations.The company disclosed net earnings of $291 million, or $1.34 per share, in contrast to $274 million, or $1.25 per share, recorded in the same quarter last year.Excluding special items, Best Buy’s adjusted earnings were consistent at $1.34 per share for the quarter.According to data from Thomson Reuters, analysts had predicted an average earning of $1.16 per share for the company. Notably, analysts typically exclude special items in their forecasts.However, the company’s revenue dropped by 3.1%, falling to $9.288 billion from $9.583 billion in the previous year.Details of Best Buy Co. Inc.’s Q2 performance (GAAP) are as follows:- Earnings: $291 million, compared to $274 million last year- EPS: $1.34, up from $1.25 last year- Revenue: $9.288 billion, down from $9.583 billion last year**Guidance:**- Full-year EPS: $6.10 – $6.35- Full-year revenue: $41.3 – $41.9 billionThe material has been provided by InstaForex Company – www.instaforex.com
- Taiwan Shares Tipped To Open To The Upside - September 15, 2024
- Singapore Bourse Poised To Add To Its Winnings - September 15, 2024
- South Korea Trade Data Due On Monday - September 15, 2024
