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.

Best Buy Q3 2021 earnings infographic

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.

  • Best Buy reports Q1 2021 earnings results

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

LMT Earnings: Key numbers from Lockheed Martin Q1 2021 financial results

Lockheed Martin Corp. (NYSE: LMT) today reported its first quarter financial results for the period ended March 28, 2021. Net income for the first quarter was $1.8 billion, or $6.56

Infographic: Philip Morris (PM) Q1 results top expectations

Tobacco giant Philip Morris International (NYSE: PM) on Tuesday reported first-quarter earnings and revenues that beat analysts' forecast. First-quarter earnings, adjusted for special items, rose to $1.57 per share from

Abbott Laboratories (ABT) Earnings: 1Q21 Key Numbers

Abbott Laboratories (NYSE: ABT) reported first quarter 2021 earnings results today. Sales increased 35.3% year-over-year to $10.5 billion. On an organic basis, sales growth was 32.9%. On a GAAP basis,

Add Comment
Viewing Highlight