BBY - These Analysts Cut Their Forecasts On Best Buy After Q3 Results | Benzinga
Best Buy Co Inc (NYSE: BBY) posted upbeat earnings for its third quarter, but lowered its FY24 guidance.
Best Buy reported a third-quarter FY24 sales decline of 7.8% year-on-year to $9.76 billion, missing the analyst consensus estimate of $9.91 billion. Non-GAAP EPS of $1.29 beat the consensus estimate of $1.19, according to Benzinga Pro.
Best Buy cut FY24 revenue guidance from $43.8 billion-$44.5 billion to $43.1 billion-$43.7 billion versus an estimate of $44.16 billion. The company tightened FY24 ...