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](https://cdn.news.alphastreet.com/wp-content/uploads/2020/11/Best-Buy-Q3-2021-earnings-infographic-scaled.jpg)
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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
Comments