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Electronics Retailer Set to Post Third Quarter Results Thursday

June 18, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Jim Cramer is keeping an eye on Best Buy (BBY) Thursday when the electronics retailer releases its third quarter earnings results before the opening bell. Cramer says, ‘what I’m going to listen to on Best Buy…is what they’re saying about GoPro (GPRO) and what they’re saying about Fitbit (FIT), what they’re saying about what’s selling. I mean, that’s really kind of where we’ve been going with Best Buy.’ Analysts polled by Thomson Reuters are expecting the company to post earnings of $0.35 a share, up from the year ago period. Revenue is expected to come in at $8.88 billion, down from the $9.4 billion it reported a year earlier. Shares of BBY are down nearly 20 percent year-to-date.

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