Investing.com - Best Buy reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Best Buy announced earnings per share of $2.73 on revenue of $16.37B. Analysts polled by Investing.com anticipated EPS of $2.77 on revenue of $16.74B.
Best Buy shares are down 33% from the beginning of the year and are trading at $100.84 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 9.01% from the start of the year.
Best Buy follows other major Consumer Discretionary sector earnings this month
Best Buy's report follows an earnings beat by Amazon.com on Thursday, February 3, 2022, who reported EPS of $27.75 on revenue of $137.41B, compared to forecasts EPS of $3.61 on revenue of $137.68B.
Home Depot had beat expectations on Tuesday, February 22, 2022 with fourth quarter EPS of $3.21 on revenue of $35.72B, compared to forecast for EPS of $3.18 on revenue of $34.88B.
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