Best Buy Beats Profit Estimates on Services, Membership, and Laptop Demand
Best Buy(BBY) Investopedia·2024-05-30 23:36
Key TakeawaysBest Buy reported first-quarter earnings that beat analysts' estimates as services and laptop demand helped offset slowing sales.The electronic retailer's domestic gross profit rate improved, boosted by more paid memberships.Best Buy shares surged over 10% in early trading Thursday following the release, lifting them into positive territory for the year. Shares of Best Buy (BBY) jumped over 10% in early trading Thursday after the electronics retailer beat profit forecasts on growing demand for ...