_best-buy39s-q1-earnings-disappoint-on-revenue-miss-amid-soft-demand-for-consumer-electronics.jpg "Best Buy's Q1 Earnings Disappoint on Revenue Miss Amid Soft Demand for Consumer Electronics from 18 and over Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:32
👁 View: 255K times
✓ Published: 31-May-2024
👁 View: 255K times
✓ Published: 31-May-2024
Description:
Best Buy reported fiscal first quarter earnings that missed revenue estimates but beat on EPS and reaffirmed full-year guidance. Comparable sales and online sales fell over 6% overall as demand for consumer electronics remained soft. Profits were supported by cost-cutting measures like layoffs and trimmed capital expenditures. The company expects sales trends to improve over the next 3 quarters gradually but macro headwinds from inflation remain a challenge. Shares jumped 10% on the results.
Best Buy reported fiscal first quarter earnings that missed revenue estimates but beat on EPS and reaffirmed full-year guidance. Comparable sales and online sales fell over 6% overall as demand for consumer electronics remained soft. Profits were supported by cost-cutting measures like layoffs and trimmed capital expenditures. The company expects sales trends to improve over the next 3 quarters gradually but macro headwinds from inflation remain a challenge. Shares jumped 10% on the results.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_18-amp-over.webp "Prince")
_manudigital-cocoa-tea-923418-and-over9234-back-inna-days-official-video.webp "Manudigital")
⏲ 1 minute 28 seconds 👁 529.9K
_revenge-of-the-abandoned-heiress.webp "Revenge of the Abandoned Heiress")
_18-tds-facts-you-didn39t-know.webp "DepuTy")
_gaddar-episode-18-english-subtitles.webp "Gaddar Episode 18 English Subtitles")
_nia-archives-18-amp-over-official-video.webp "Nia Archives")
_psalm-18-receive-total-elevation-over-your-enemies-124-energize-your-spirit-man-for-total-victory.webp "Friends of SCOAN")
⏲ 8 hours 1 minute 32 seconds 👁 12.1K
_salesforce-shares-plummet-18-as-q1-revenue-falls-short-of-estimates-here39s-why-analysts-are-still-optimistic.webp "Salesforce shares fell 18% after the company reported fiscal first-quarter revenue that missed estimates for the first time since 2006 and provided lighter-than-expected guidance. Revenue for the quarter increased 11% but still came in below analysts' estimates. Guidance also came in below estimates. Analysts said broader macroeconomic challenges impacted Salesforce's performance during the quarter more than expected. Execution issues and changes to their go-to-market strategy also played a role. Analysts remain optimistic about Salesforce's long-term prospects, especially around their investments in generative AI and how it could drive future growth.")
⏲ 0:41 👁 695K
_18-amp-over.jpg)
_manudigital-cocoa-tea-923418-and-over9234-back-inna-days-official-video.jpg)
_revenge-of-the-abandoned-heiress.jpg)
_18-tds-facts-you-didn39t-know.jpg)
_gaddar-episode-18-english-subtitles.jpg)
_nia-archives-18-amp-over-official-video.jpg)
_psalm-18-receive-total-elevation-over-your-enemies-124-energize-your-spirit-man-for-total-victory.jpg)
_salesforce-shares-plummet-18-as-q1-revenue-falls-short-of-estimates-here39s-why-analysts-are-still-optimistic.jpg)
![[+]](/images/menu.gif){kind=small}