Best Buy beats earnings estimates as its sales decline stabilizes

yahoo Finance

Best Buy (BBY) posted better-than-expected results after a series of disappointing quarters.

“Innovation, particularly around artificial intelligence (AI) — such as with the new Microsoft Copilot laptop — is starting to gain traction, and the trend is expected to strengthen as more new technology products hit the market around the back-to-school timeframe,” Joe Feldman of Telsey Advisory Group wrote in a client note.

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