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!

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