GOOGL - Best Buy Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts | Benzinga
Best Buy Co., Inc. (NYSE:BBY) is set to release earnings results for its first quarter, before the opening bell on May 30.
Analysts expect the Richfield, Minnesota-based company to report quarterly earnings at $1.08 per share, down from $1.15 per share in the year-ago period. Best Buy is projected to report quarterly revenue of $8.96 billion, according to data from Benzinga Pro.
During April, Best Buy, Alphabet Inc.'s (NASDAQ:GOOGL) Google Cloud, and Accenture Plc (NYSE:ACN) entered into a new collaboration to deploy generative AI (gen AI) to improve the experience for Best Buy customers.
Best Buy shares fell 0.9% to close at $71.90 on Wednesday.
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