Best Buy Beats Views, Gives Muted Holiday-Quarter Outlook
Summary
Best Buy ( BBY ) earnings beat Wall Streets targets for its fiscal third quarter, the consumer electronics retailer said Tuesday.He added, "The holiday season is here, and our team has put together a best-in-class assortment, prepared an amazing set of deals, and ensured we have great inventory availability across all the product categories we carry.At its U.S. stores, sales drivers in the third quarter included mobile phones, gaming, appliances, wearables, headphones and smart home devices.Plus, Activision Blizzard ( ATVI ) has "Call of Duty: Black Ops 4" and Take-Two Interactive Software ( TTWO ) has "Red Dead Redemption 2," he said.Other gadgets likely to be big sellers include streaming devices, voice-assistant speakers with screens, smartphones, health trackers, kitchen appliances and security products like video doorbells, he said.