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Looking forward, Best Buy lowered its fiscal guidance for the 12 months ending in January 2024. Revenue for the year is now expected to come in between $43.1 billion and $43.7 billion, compared to ...
Best Buy posted better-than-expected results after a series of disappointing quarters.On Thursday, the company reported revenue of $9.29 billion, compared to estimates of $9.24 billion. Adjusted ...
The Dow Jones Industrial Average jumped 498 points, or 1.2%, and the Nasdaq composite gained 1%. Superstar stock Nvidia and other Big Tech companies led the market, which got a lift after a report ...
Best Buy’s stock looks like a screaming sell after it joined a worrying list of major retailers that badly miscalculated demand in the second quarter amid high inflation and recession concerns.
The news comes as Best Buy is struggling to woo shoppers. On Tuesday, the retailer posted negative same-store sales growth for the 12th consecutive quarter. Best Buy did not specify what sort of ...
Stock indexes closed mostly lower Tuesday as the market delivered a downbeat finish on the final day of another milestone-shattering year on Wall Street. The Dow Jones Industrial Average slipped 0 ...