Best Buy Stock Surges on Strong Q3 Earnings Beat
Best Buy shares rallied sharply after the electronics retailer posted fiscal third-quarter results that exceeded analyst expectations. Adjusted earnings of $1.40 per share topped estimates by 7%, while revenue of $9.67 billion surpassed projections and grew 2.3% year-over-year.
The positive earnings surprise reflects resilient consumer demand for electronics despite macroeconomic headwinds. Best Buy's performance suggests discretionary spending remains healthy, potentially signaling broader retail strength that could influence market sentiment across sectors.