Best Buy Reports Second Quarter Results
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Best Buy (BBY) PT Raised to $116 at Jefferies
August 29, 2024 2:31 PM EDTJefferies analyst Jonathan Matuszewski raised the price target on Best Buy (NYSE: BBY) to $116.00 (from $94.00) while maintaining a Buy rating.
The analyst comments "Varying levels of slack in household balance sheets have always guided CE demand, but we're in a unique... More
Best Buy stock soars 17% on strong beat-and-raise Q2 print
August 29, 2024 7:18 AM EDT(Updated - August 29, 2024 10:23 AM EDT)
Best Buy (NYSE: BBY) raised its annual profit forecast on Thursday and reported better-than-expected top and bottom lines for the fiscal Q2 2025.
The retailers shares soared more than 17% after the opening bell.
BBY posted Q2 earnings per share (EPS) of $1.34, topping the consensus estimate of $1.16. The company generated $9.29 billion in revenue, slightly above the projected $9.24 billion.
Enterprise... More
