Barron's2022-11-22
Best Buy reported third-quarter adjusted earnings of $1.38 a share, higher than forecasts, and updated its full-year guidance.
Same-store sales in the quarter fell 10.4% vs. Wall Street expectations that called for a drop of 12.9%.
Best Buy said it expects same-store sales in fiscal 2023 to fall 10% vs. prior expectations of down 11%.
The stock jumped 7% in premarket trading Tuesday.
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