Is Best Buy Stock a Buy After Earnings?

Is Best Buy Stock a Buy After Earnings?

Best Buy (NYSE: BBY) released its third-quarter earnings results and fourth-quarter outlook on Thursday, and investors weren't thrilled with what they saw. Earnings per share (EPS) surged 30% year over year, to $0.78, at the consumer-electronics giant, just meeting the average analyst estimate.

However, the company's Q4 earnings per share (EPS) guidance range of $1.89-$1.99 fell short of the $2.03 that analysts were expecting. As a result, Best Buy stock fell more than 7% in morning trading before recovering somewhat as the day progressed.

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Source: Fool.com