Investing.com - Best Buy reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Best Buy announced earnings per share of $1.71 on revenue of $9.91B. Analysts polled by Investing.com anticipated EPS of $0.99 on revenue of $9.63B.
Best Buy shares are up 33% from the beginning of the year, still down 1.72% from its 52 week high of $119.43 set on August 24. They are outperforming the S&P 500 which is up 6.21% from the start of the year.
Best Buy follows other major Services sector earnings this month
Best Buy's report follows an earnings beat by Amazon.com on July 30, who reported EPS of $10.3 on revenue of $88.91B, compared to forecasts EPS of $1.48 on revenue of $81.45B.
Alibaba ADR had beat expectations on Thursday with first quarter EPS of $14.82 on revenue of $153.75B, compared to forecast for EPS of $13.82 on revenue of $148B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar