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BTIG Remains Neutral on Best Buy (BBY) Following Solid Q3 Results, Outlook

Go back to BTIG Remains Neutral on Best Buy (BBY) Following Solid Q3 Results, Outlook

Best Buy Reports Better-Than-Expected Third Quarter Results

November 17, 2016 7:00 AM EST

Domestic Segment Comparable Sales Increased 1.8%

GAAP Diluted EPS Increased 62% to $0.60

Non-GAAP Diluted EPS Increased 51% to $0.62

MINNEAPOLIS--(BUSINESS WIRE)-- Best Buy Co., Inc. (NYSE: BBY) today announced results for the third quarter ended October 29, 2016 (Q3 FY17), as compared to the third quarter ended October 31, 2015 (Q3 FY16). The company reported GAAP diluted earnings per share from continuing operations of $0.60, an increase of 62% from $0.37 in Q3 FY16. Non-GAAP diluted earnings per share from continuing operations were $0.62, an increase of 51% from $0.41 in Q3 FY16.

                  Q3 FY17     Q3 FY16 Revenue ($ in millions)1             Enterprise... More