Best Buy shares soar 11% on earnings beat

The stock jumped more than 11 percent in premarket trading on the news. The electronics retailer reported fourth-quarter adjusted earnings per share of $2.72, on sales of $14.80 billion. Analysts were calling for earnings of $2.

57 a share, on sales of $14.70 billion, according to Refinitiv data. Sales at Best Buy stores open for at least 12 months were up 3 percent, topping expectations for 2 percent growth. This is a developing story. Please check back for updates.

tonydlaw consumer

But they closed my neighborhood store so I’m not celebrating.

YOY sales up a mind boggling 3% surely cause to celebrate and pop the champagne corks permabulls

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