Company news: Best Buy (BBY) quarterly earnings beat analysts’ expectations

Best Buy (BBY) reported Q2 FY2023 earnings of $1.54 per share (versus $2.98 per share in Q2 FY2022), beating analysts’ consensus estimate of $1.29 per share.

The company’s quarterly revenues amounted to $10.329 bln (-12.8% y/y), roughly in line with analysts’ consensus estimate of $10.252 bln.

BBY rose to $75.62 (+2.61%) in pre-market trading.