Best Buy forecasts smaller drop in sales ahead of holiday season
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Best Buy (BBY) stock jumps on Q3 beat, raised guidance
November 22, 2022 8:37 AM ESTBest Buy (NYSE: BBY) shares gained over 8% in pre-open trading Tuesday following better-than-expected third-quarter results and raised guidance.
The retailer posted non-GAAP EPS of $1.38, down from $2.08 last year, but better than the consensus of $1.03. Meanwhile, revenue fell 11.1% from last year to $10.59 billion but again... More
