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 $1.38 on revenue of $10.59B. Analysts polled by Investing.com anticipated EPS of $1.03 on revenue of $10.32B.
Best Buy shares are down 30% from the beginning of the year and are trading at $70.83 , down-from-52-week-high.
Best Buy follows other major Consumer Discretionary sector earnings this month
Best Buy's report follows an earnings beat by Amazon.com on Thursday, October 27, 2022, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Home Depot had beat expectations on Tuesday, November 15, 2022 with third quarter EPS of $4.24 on revenue of $38.9B, compared to forecast for EPS of $4.12 on revenue of $37.92B.
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