Best Buy Reports Fourth Quarter Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Best Buy (BBY) rises on earnings, revenue beat
February 29, 2024 8:40 AM EST(Updated - February 29, 2024 8:54 AM EST)
Best Buy (NYSE: BBY) reported a stronger-than-expected finish to its fiscal year, with fourth-quarter earnings and revenue surpassing analyst estimates. The company's shares surged 3.54% as investors responded positively to the news.
For the fourth quarter, the electronics retailer posted adjusted earnings per share (EPS) of $2.72, exceeding the consensus estimate of $2.52. Revenue for the quarter was also higher than expected at $14.65 billion, compared to the analyst forecast of $14.56 billion. Despite a challenging consumer electronics sales environment, the company's revenue showed resilience, declining only 0.9% from the... More
