Best Buy Falls 3.94% Premarket Despite Q2 Beat
BBY Best Buy Co Inc
$87.44 +2.52%
View chart & analysis → - 1Best Buy (BBY) shares fell 3.94% in premarket trading despite beating consensus estimates for second-quarter earnings and revenue.
- 2Adjusted EPS of $1.47 and revenue of $9.78 billion topped expectations, while comparable sales rose 4.1%.
- 3Rising compensation costs and margin concerns weighed on the stock, though annual revenue and EPS guidance were raised.
This 3-line summary is compiled from the report below.
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