BBY - Why Best Buy Shares Are Rising Today | Benzinga
Best Buy Co., Inc. (NYSE:BBY) shares are trading higher on Thursday.
The company reported fourth-quarter adjusted earnings per share of $2.72, beating the street view of $2.51. Quarterly sales of $14.646 billion beat the analyst consensus of $14.533 billion.
Quarterly domestic revenue of $13.41 billion decreased 0.9% versus last year, driven by a comparable sales decline of 5.1%.
The company incurred $169 million of restructuring charges in the quarter under review, primarily related to employee termination benefits associated with an enterprise-wide restructuring initiative.
Domestic online revenue of $5.10 billion decreased 4.8% on a comparable basis. Domestic gross ...