Categories AlphaGraphs, Earnings, Retail
Infographic: Highlights of Best Buy’s (BBY) Q3 2021 earnings
Retail store chain Best Buy Co., Inc. (NYSE: BBY) reported stronger-than-expected earnings and revenues for the third quarter of 2021. However, the company’s stock dropped on Tuesday morning following the announcement.
During the three-month period, there was a 21% increase in revenues to $11.85 billion, which also surpassed the consensus estimates.
Consequently, adjusted earnings moved up to $2.06 per share from $1.13 per share in the third quarter of 2020. Net income, including one-off items, was $391 million or $1.48 per share, compared to $293 million or $1.10 per share in the year-ago period.
Read management/analysts’ comments on quarterly results
Shares of Best Buy maintained a steady uptrend since the beginning of the year and reached a record high this month. The stock closed the last trading session higher but declined early Tuesday soon after the earnings release.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and
Comments