
Sign up to save your podcasts
Or


Earlier this week Best Buy (#BBY) announced Q4 earnings and reported solid numbers. Unfortunately the numbers didn't impress investors or analysts and the shares dipped. Although the company reported revenue of $16.9B (+11.2% Y/Y), investors were more worried about FY22 guidance. Initial FY22 outlook for comparable sales growth is in the range of (-2%) to +1%, which isn't signaling growth.
Shares of Best Buy have dipped (-13%) since the report. Should investors take advantage and buy BBY stock while it's off from its highs?
By Financial MoversEarlier this week Best Buy (#BBY) announced Q4 earnings and reported solid numbers. Unfortunately the numbers didn't impress investors or analysts and the shares dipped. Although the company reported revenue of $16.9B (+11.2% Y/Y), investors were more worried about FY22 guidance. Initial FY22 outlook for comparable sales growth is in the range of (-2%) to +1%, which isn't signaling growth.
Shares of Best Buy have dipped (-13%) since the report. Should investors take advantage and buy BBY stock while it's off from its highs?