|Bid||60.45 x 26000|
|Ask||61.14 x 26000|
|Day's Range||60.70 - 62.08|
|52 Week Range||44.07 - 69.49|
|Beta (3Y Monthly)||1.38|
|PE Ratio (TTM)||10.97|
|Forward Dividend & Yield||1.80 (2.94%)|
|1y Target Est||N/A|
Best Buy's market share gains in major appliances and initiatives to drive growth in services are paying off for the company.
In the last trading session before a U.S.-holiday weekend, investors appear to be optimistic a day after some of the trade tensions between China and the United States seemed to thaw a little. With the trade war between the world’s two largest economies arguably the single biggest thing on market participants’ minds, it seemed to come as a relief when, according to CNBC, a spokesman for China’s Ministry of Commerce said China firmly rejects escalation of the trade war and is willing to negotiate with a “calm attitude.” And President Trump said talks had taken place Thursday and more are scheduled.
Consumer electronics retailer Best Buy beat Wall Street's target for earnings in the second quarter, but came up short on sales. Its full-year guidance also missed views. BBY stock fell.
Best Buy stock fell more than 9% this morning despite beating analysts’ EPS estimate by a wide margin. The company raised its fiscal earnings outlook.
A spokesman for China’s Ministry of Commerce said China firmly rejects escalation of the trade war and is willing to negotiate with a “calm attitude,” CNBC reported. Stock futures rose 1% before the opening bell Thursday, and bond prices stepped back. Investors received mixed earnings news this morning.
Best Buy's shares, which have lost more than 10% of their value so far this month, fell 9% to $62.80 as the consumer electronics retailer's same-store sales outlook fell short of analysts' expectations even as it lifted its earnings forecast. Strong July retail sales showed U.S. consumer demand so far has remained resilient to signs of a cooling economy and an escalating trade war between Washington and Beijing.
SECTORFOCUS BLOG (BBY) stock fell early Thursday as the consumer electronics retailer reported quarterly financial results that disappointed investors, and adjusted its full-year outlook amid “general uncertainty “ about the consumer economy.
While it's a strong day on Wall Street, the same can't be said for Best Buy . An improvement in margins had investors feeling good in pre-market trading, bidding up Best Buy stock several percentage points. While an improvement in the trade war situation could provide a spark for Best Buy stock later in the year and closer to the holidays, it's clear investors aren't putting much faith in it.
Best Buy's shares, which have lost about 10% of their value so far this month, fell 5.4% to $65.30 in pre-market trade as consumer electronics retailer also flagged concerns over uncertainty related consumer buying behavior in the second half of the year. President Donald Trump last week said U.S. tariffs on $250 billion worth of Chinese imports would rise to 30% from the current 25% beginning Oct. 1.
Best Buy Co (NYSE: BBY ) reported second-quarter earnings of $1.08, which beat the analyst consensus estimate of 99 cents per share. The company reported sales at $9.54 billion, which missed the $9.56 ...
Electronics retailer Best Buy Co. posted better-than-expected earnings for the second quarter and raised its profit outlook for the full year but the stock tumbled in premarket trading after quarterly sales came up short. Adjusted earnings of $1.08 a share were higher than 91 cents a year earlier and ahead of analysts' expectations of 99 cents. For the third quarter, Best Buy said it expects revenue of $9.65 billion to $9.75 billion vs. analysts' forecasts of $9.78 billion, and same-store sales to rise 0.5% to 1.5%.
Moody’s says large retailers have some cushion from the coming fresh round of tariffs thanks to a number of factors.
President Donald Trump's surprise announcement of new tariffs on Chinese goods Thursday represents a "horrible event" for apparel companies, Liz Dunn, the founder and CEO of the retail data firm Pro4ma, ...
SECTORFOCUS BLOG Consumer-electronics retailer (BBY) is “one of the most undervalued stories in large cap retail,” according to a report from Guggenheim. Best Buy stock (BBY), up nearly 40% in 2019, was ahead 1.