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Best Buy Earnings Beat Suggests Consumer Tech Spending Is Stabilizing

Investing.com Logo Investing.com By Timothy Fries
Best Buy Earnings Beat Suggests Consumer Tech Spending Is Stabilizing

Best Buy reported strong Q3 earnings, beating analyst expectations with $1.40 adjusted EPS and $9.67 billion revenue. The company raised its full-year outlook, signaling increased confidence in consumer technology demand, with comparable sales growing 2.7% year-over-year.

Insights
BBY   positive

Exceeded earnings expectations, raised full-year guidance, showed 2.7% comparable sales growth, and demonstrated strong performance in computing, gaming, and mobile phone categories