29.02.2024 13:07:45 - dpa-AFX: Best Buy Co Inc. Q4 Profit Decreases, but beats estimates

WASHINGTON (dpa-AFX) - Best Buy Co Inc. (BBY) announced a profit for fourth
quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $460 million, or $2.12 per share. This
compares with $495 million, or $2.23 per share, in last year's fourth quarter.

Excluding items, Best Buy Co Inc. reported adjusted earnings of $2.72 per share
for the period.

Analysts on average had expected the company to earn $2.51 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 0.6% to $14.65 billion from $14.74
billion last year.

Best Buy Co Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $460 Mln. vs. $495 Mln. last year.
-EPS (Q4): $2.12 vs. $2.23 last year.
-Revenue (Q4): $14.65 Bln vs. $14.74 Bln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
BEST BUY CO. DL-,10 873629 Frankfurt 67,270 22.05.24 09:25:07 +0,070 +0,10% 66,510 67,310 66,520 67,200

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