Earnings live: Best Buy stock jumps despite softer holiday demand, Target stock rises

Best Buy (BBY) reported a surprise sales slump in its key holiday shopping season. Same-store sales declined 0.8% in the fourth quarter, the company said Tuesday. Wall Street had hoped for a 0.2% increase after two straight quarters of positive growth. For 2027, the company expects revenue to come in the range of $41.2 billion to $42.1 billion, alongside same- store sales that are expected to fall in a range between a 1% decline and 1% rise for the year. Adjusted earnings per share are expected to be in a r ...