Best Buy Co. (BBY) is an American multinational consumer electronics retailer. I am bullish on the stock. (See Analysts’ Top Stocks on TipRanks) Q3 Earnings Best Buy managed to smash its third-quarter earnings expectations, beating on revenue and EPS by $290 million and $0.12, respectively. During the quarter U.S. sales increased by 2% year-over-year versus the initial -1.3% consensus, and international sales also exceeded expectations with a 3% drawdown versus an estimated decrease of 5.3%. These lean and negative numbers are due to the reduction in global disposable income; retail sales have normalized across the globe but still remain elevated as Best Buy's year-over-year revenue growth remains 2.59x higher than its five-year average.
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Best Buy (NYSE:BBY)
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