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KM Financial Solutions | Best Buy beats quarterly same-store sales expectation; shares jump 5.5%
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Best Buy beats quarterly same-store sales expectation; shares jump 5.5%

25 Nov Best Buy beats quarterly same-store sales expectation; shares jump 5.5%

Posted at 12:10h in News by
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Best Buy Co Inc beat market
expectations for quarterly same-store sales and forecast strong
earnings in the holiday quarter on Tuesday, as the consumer
electronics retailer’s after-sale services helped pull in more
customers into stores.
Shares of the company rose 5.5% in premarket trading as
overall same-store sales rose 1.7% in the third quarter ended
Nov. 2, beating analysts’ average estimate of a 1.3% increase,
according to IBES data from Refinitiv.

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