Investing.com - U.S. electronics retailer Best Buy reported better-than-expected second quarter earnings early Tuesday, sending its shares sharply higher in pre-market trade.
Earlier in the day, in its second quarter earnings report, Best Buy said adjusted earnings per share came in at USD0.32, crushing expectations for earnings of USD0.12 per share.
The company’s second quarter revenue totaled USD9.30 billion, above market expectations for revenue of USD9.11 billion.
Following the release of the report, Best Buy shares soared 16.2% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets mildly higher. The Dow Jones Industrial Average futures pointed to a gain of 0.15% at the open, S&P 500 futures added 0.2%, while the Nasdaq 100 futures indicated a gain of 0.2% at the open.