Shares of Best Buy were popping Thursday as management made their case that an artificial intelligence upgrade cycle for personal computers and devices was starting to play out. Revenu e in the company's fiscal 2025 first quarter fell 6.5% year over year to $8.85 billion in the three months ended May 4, missing the $8.96 billion expected by analysts, according to estimates compiled by LSEG. Adjusted earnings per share of $1.20 rose 5.3% on an annual basis and topped the $1.
Bimal Tandel photographs Bhavin Tandel and Dinesh Tandel, crew members on the Klara Oldendorff, in front of a Best Buy in Timonium, Maryland, U.S., March 29, 2024.were popping Thursday as management made their case that an artificial intelligence upgrade cycle for personal computers and devices was starting to play out.