Feb 28, 2020 – Best Buy Posts 4th-Quarter Earnings Beat on Robust Holiday Sales

Greatest Obtain Co. Inc. (NASDAQ:BBBY) released its fourth-quarter effects on Feb. 27 before the current market opened. The purchaser electronics retailer defeat analysts’ earnings and income projections many thanks to robust income of headphones, appliances and other products through the getaway period of time.

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The Richfield, Minnesota-based organization posted altered earnings of $two.ninety per share, topping estimates of $two.75. Income, on the other hand, grew two.seven% from the prior-12 months quarter to $15.two billion. Analysts had expected income of $15.05 billion.

Exact-shop income were up 3.two% in the reported quarter, which was additional than the 1.9% development

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