Best Buy: Q3 Disappointment As Macro Headwinds Overcome Cost-Cutting Efforts

Best Buy (NYSE: BBY ) reported its Q3 results Tuesday morning. Its revenue of $9.45B was slightly below the consensus estimate of$9.63B, while its adjusted EPS was $1.26, below the$1.29 target. Its comparable sales growth was more disappointing at -2.9%; however, its gross margins wereHarrison is a financial analyst who has been writing on Seeking Alpha since 2018 and has closely followed the market for over a decade. He has professional experience in the private equity, real estate, and economic research ...