Best Buy jumps after quarterly profit beat estimates

Shares of electronics retailer Best Buy BBY.N up 14% at $70 premarket

Co beats Q4 profit estimates, driven by resilient demand during the holiday shopping season for gaming devices and mobile phones

Posts quarterly adjusted EPS profit of $2.61, compared with analysts' estimates of $2.47 - data compiled by LSEG

However, reports quarterly comparable sales decline of 0.8% vs estimates of a 0.25% rise

Expects annual comparable sales to be down 1% to up 1%, compared with analysts' estimates of a 1.63% rise

Sees annual adjusted EPS of $6.30 to $6.60 compared to estimates of $6.66

Stock fell 21% in 2025