Best Buy Q4 earnings beat estimates

Best Buy Co Inc (NYSE: BBY) is trading up in premarket on Thursday after reporting better-than-expected financial results for the fourth quarter.

Best Buy's guidance for fiscal 2025

Shareholders are cheering also because the management issued good enough guidance for the future. Best Buy now forecasts its revenue to fall between $41.3 billion and $42.6 billion in fiscal 2025.

Analysts, in comparison, were at $42.3 billion. Corie Barry – the chief executive of Best Buy Co Inc said in a press release today:

The consumer electronics retailer expects up to $6.20 of adjusted per-share earnings this year. $BBY is now up more than 30% versus its low in early November.

Best Buy Q4 earnings snapshot

• Earned $460 million versus the year-ago $495 million
• Per-share earnings also declined from $2.23 to $2.12
• Adjusted EPS printed at $2.72 as per the earnings report
• Revenue jumped % year-over-year to $14.64 billion
• Consensus was $2.52 a share on $14.56 billion in revenue

Best Buy announced 94 cents a share of quarterly dividend on Thursday - up 2.0%. According to CEO Barry: