Investing.com - Best Buy reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Best Buy announced earnings per share of $1.57 on revenue of $10.65B. Analysts polled by Investing.com anticipated EPS of $1.6 on revenue of $10.45B.
Best Buy shares are down 28% from the beginning of the year and are trading at $72.59 , down-from-52-week-high.They are under-performing the S&P 500 which is down 16.63% from the start of the year.
Best Buy follows other major Consumer Discretionary sector earnings this month
Best Buy's report follows an earnings missed by Amazon.com on Thursday, April 28, 2022, who reported EPS of $-7.56 on revenue of $116.44B, compared to forecasts EPS of $8.35 on revenue of $116.45B.
Home Depot had beat expectations on Tuesday, May 17, 2022 with first quarter EPS of $4.09 on revenue of $38.91B, compared to forecast for EPS of $3.69 on revenue of $36.71B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar