Investing.com - Best Buy reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Best Buy announced earnings per share of $2.08 on revenue of $11.91B. Analysts polled by Investing.com anticipated EPS of $1.93 on revenue of $11.61B.
Best Buy shares are up 9% from the beginning of the year and are trading at $138.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 24.68% 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, October 28, 2021, who reported EPS of $6.12 on revenue of $110.81B, compared to forecasts EPS of $8.9 on revenue of $111.55B.
Home Depot had beat expectations on Tuesday, November 16, 2021 with third quarter EPS of $3.92 on revenue of $36.82B, compared to forecast for EPS of $3.42 on revenue of $34.95B.
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