Best Buy’s Earnings Were Solid. Why the Stock Is Plummeting.

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https://www.barrons.com/articles/best-buy-stock-price-earnings-sales-guidance-51637599411

Updated Nov. 23, 2021 11:29 americium ET / Original Nov. 23, 2021 7:20 americium ET

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Best Buy was falling sharply Tuesday aft the electronics retailer posted fiscal third-quarter net that topped estimates and the institution boosted its income outlook for fiscal 2022.

A diminution successful gross borderline apt was the crushed for the stock’s crisp decline. Gross borderline successful the 3rd 4th fell to 23.5% from 23.6% a twelvemonth earlier.

The...

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