Investing.com - Best Buy Co Inc (NYSE:BBY) shares crashed on Tuesday after the company guided for 2021 earnings below analysts’ expectations.
Best Buy expects to have adjusted earnings of $4.75 to $5.00 per share for the fiscal year ending January 2021, below the consensus estimate for $4.97 per share, according to Thomson Reuters.
Best Buy’s shares were down almost 7% in Tuesday afternoon trade.