29.02.2024 16:00:53 - dpa-AFX: Best Buy Rises 6%; Revenue Beats View, Lifts Dividend

WASHINGTON (dpa-AFX) - Shares of Best Buy Co., Inc. (BBY) are rising more
than 6 percent Thursday morning after reporting fourth-quarter revenue above
analysts' view. Also, the consumer electronics retailer increased its quarterly
dividend by 2 percent to $0.94 per share.

Revenue for the fourth quarter declined to $16.646 billion from $14.735 billion
last year, but beat the average estimate of analysts polled by Thomson-Reuters
of $14.56 billion.

Net earnings dropped to $460 million or $2.12 per share from $495 million or
$2.23 per share last year. The consensus estimate was for $2.52 per share.

The quarterly dividend will be payable on April 11, to shareholders of record on
March 21.

BBY, currently at $84.91, touched a new high of $86.11 this morning.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
Best Buy Company 873629 NYSE 93,630 18.06.24 22:00:05 +2,370 +2,60% 93,150 93,720 91,250 91,260

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