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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GE shares surge 13% after Danaher agrees to buy biopharma business for $21.4 billionGE is selling its biopharma unit for $21.4 billion to Danaher, saying it will use the money to reduce leverage and strengthen its balance sheet. I have some old meds will sell to GE for 1/10 the price Will GE make a profit on this deal? What did they originally buy the biopharma assets for?
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