Best Buy Stock Jumps 1.8% Premarket Trading After Posting Smaller-Than-Expected Drop in Sales

3
Comment
Favorite

Best Buy Stock Jumps 1.8% Premarket Trading After Posting Smaller-Than-Expected Drop in Sales

Reuters2023-08-29

Top U.S. electronics retailer Best Buy Co Inc on Tuesday reported a smaller-than-expected drop in quarterly comparable sales, as deeper discounts encouraged bargain-hunting Americans to shop for high-end products like televisions and laptops.

The company's comparable sales fell 6.2% in the second quarter ended July 29, compared with analysts' estimates of a 6.92% drop, according to IBES data from Refinitiv.

Best Buy stock jumps 1.8% in premarket trading.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2363457037?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-08-29 19:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2363457037","market":"us","top_or_hot":-1,"title":"Best Buy Stock Jumps 1.8% Premarket Trading After Posting Smaller-Than-Expected Drop in Sales","media":"Reuters","content":"<html><head></head><body><p>Top U.S. electronics retailer Best Buy Co Inc on Tuesday reported a smaller-than-expected drop in quarterly comparable sales, as deeper discounts encouraged bargain-hunting Americans to shop for high-end products like televisions and laptops.</p><p>The company&#39;s comparable sales fell 6.2% in the second quarter ended July 29, compared with analysts&#39; estimates of a 6.92% drop, according to IBES data from Refinitiv.</p><p>Best Buy stock jumps 1.8% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffa16c256d6a4b7bda5e5dd96c9bbaaf\" tg-width=\"809\" tg-height=\"626\"/></p><p></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Best Buy Stock Jumps 1.8% Premarket Trading After Posting Smaller-Than-Expected Drop in Sales</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBest Buy Stock Jumps 1.8% Premarket Trading After Posting Smaller-Than-Expected Drop in Sales\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-29 19:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top U.S. electronics retailer Best Buy Co Inc on Tuesday reported a smaller-than-expected drop in quarterly comparable sales, as deeper discounts encouraged bargain-hunting Americans to shop for high-...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BBY","symbol_name":"百思买","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2363457037","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2363457037","pubTimestamp":1693307345,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Aug 29 (Reuters) - Top U.S. electronics retailer Best Buy Co Inc    on Tuesday reported a smaller-than-expected drop in quarterly comparable sales, as deeper discounts encouraged bargain-hunting Ameri","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BBY":"百思买"},"translate_title":"百思买股价盘前上涨1.8%，此前该公司销售额降幅低于预期","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBY":1},"content_text":"Top U.S. electronics retailer Best Buy Co Inc on Tuesday reported a smaller-than-expected drop in quarterly comparable sales, as deeper discounts encouraged bargain-hunting Americans to shop for high-end products like televisions and laptops.The company's comparable sales fell 6.2% in the second quarter ended July 29, compared with analysts' estimates of a 6.92% drop, according to IBES data from Refinitiv.Best Buy stock jumps 1.8% in premarket trading.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}