Best Buy Falls 3.94% Premarket Despite Q2 Beat

BBY Best Buy Co Inc

$86.99 -0.02%

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1. 1Best Buy (BBY) shares fell 3.94% in premarket trading despite beating consensus estimates for second-quarter earnings and revenue.
2. 2Adjusted EPS of $1.47 and revenue of $9.78 billion topped expectations, while comparable sales rose 4.1%.
3. 3Rising compensation costs and margin concerns weighed on the stock, though annual revenue and EPS guidance were raised.

Source Barrons.com +2 · View original ↗

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