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Home›Earnings›Results›Best Buy tops estimates and raises full-year outlook,…

Best Buy tops estimates and raises full-year outlook, shares fall

CNBC Earnings said Best Buy’s stronger first-half performance helped it lift its full fiscal-year outlook, even as the stock declined.

Reported · Written up by our desk · Results

Best Buy reported first-half results that beat expectations and then raised its full fiscal-year outlook, according to CNBC Earnings.

Despite the outlook increase, the stock fell after the announcement, CNBC Earnings reported.

The company linked the update to performance that came in stronger-than-expected during the first half of the fiscal year.

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Sources

CNBC EarningsBest Buy beats quarterly estimates and hikes its outlook, but stock falls

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