Best Buy Q2 Earnings: Domestic Sales Drop 3%, Raises FY25 Outlook, CEO Highlights Tablet and Computing Growth
Portfolio Pulse from Anusuya Lahiri
Best Buy reported better-than-expected Q2 earnings with an EPS of $1.34 and sales of $9.29 billion, despite a 3% drop in domestic sales. The company raised its FY25 EPS outlook and highlighted growth in tablets and computing. Shares rose 13.60% premarket.
August 29, 2024 | 12:27 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Best Buy's Q2 earnings exceeded expectations with an EPS of $1.34 and sales of $9.29 billion. Despite a 3% drop in domestic sales, the company raised its FY25 EPS outlook, leading to a 13.60% premarket stock increase.
Best Buy's better-than-expected earnings and raised FY25 EPS outlook are positive indicators for investors, leading to a significant premarket stock price increase. The growth in tablets and computing also suggests potential future revenue stability.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100