Earnings

Best Buy (BBY) earnings Q3 2023

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A customer watches as Best Buy employees load his new television into his car during the state’s sales tax free weekend, beginning on Saturday.

Erin Clark | Boston Globe | Getty Images

Best Buy on Tuesday surpassed Wall Street’s expectations for quarterly earnings, as inflation-dented demand for pricey consumer electronics came in better than feared.

The consumer electronics retailer, which had cut its forecast this summer, reiterated its outlook for the holiday quarter. It raised its full-year forecast to reflect the beat, saying it expects comparable sales to decline about 10%.

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Source cnbc.com

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