Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Best Buy Stock Dropped Today

TheMotleyFool

0 0

Why Best Buy Stock Dropped TodayPhoto, wide shot, wide-angle lens, Home appliance manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/5d70b6df-fa9b-4237-9702-39c36cb1d4f8.png

Shares of Best Buy (NYSE: BBY) sank 8% today after the electronics retailer announced mixed second-quarter 2019 results.

Quarterly revenue climbed 1.7% year over year to roughly $9.54 billion, translating to a 19% increase in adjusted earnings per share to $1.08. Analysts, on average, were modeling lower EPS of $0.99, but on slightly higher revenue of $9.56 billion.

Image source: Getty Images.

Source Fool.com

Like: 0

BBY

Share