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Why Best Buy Stock Just Jumped 16.5%
BBYBest Buy(BBY) The Motley Fool·2024-08-29 14:54

Best Buy stock is priced cheap enough to buy.Best Buy (BBY 16.45%) stock is finally taking off! After lagging the stock market for much of the past year, Best Buy shares soared 16.5% through 10:15 a.m. ET after reporting a big earnings beat Thursday morning.Analysts forecast Best Buy would earn only $1.16 per share on sales of just over $9.2 billion. Instead, Best Buy reported a profit of $1.34 per share and sales approaching $9.3 billion.Best Buy Q2 earningsThat's the good news. Now, here's the bad: Best B ...