Best Buy Reports Better-Than-Expected Third Quarter Results
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Best Buy (BBY) PT Lowered to $69 at RBC Capital
November 21, 2018 7:07 AM ESTRBC Capital analyst Scot Ciccarelli lowered the price target on Best Buy (NYSE: BBY) to $69.00 (from $72.00) while maintaining a Sector Perform rating.
Despite solid results, comps trends seem poised to slow and when coupled with recent competitive announcements (AMZN/AAPL relationship) and... More
Best Buy (BBY) Tops Q3 EPS by 8c, Revenues Beat, Comp. Sales Up 4.3%; Boosts FY19 EPS Guidance, Offers FY19 Revenue Outlook
November 20, 2018 7:03 AM ESTBest Buy (NYSE: BBY) reported Q3 EPS of $0.93, $0.08 better than the analyst estimate of $0.85. Revenue for the quarter came in at $9.59 billion versus the consensus estimate of $9.57 billion.
Our team just delivered another strong quarter with 4.3% comparable sales growth and better-than-expected earnings growth, said Hubert Joly, Best Buy chairman and CEO. Similar to the first half of the year, our topline performance was helped by a favorable environment and driven by how customers are responding to the unique and elevated experience we are building. We have... More
