Best Buy's fourth-quarter results exceeded analysts' expectations, driven by strong sales gains over the holidays.
Over the holidays, Best Buy offered next-day delivery on thousands of items with no minimum purchase or membership required.
The electronics retailer has grown the tech support side of its business by helping customers install smart home devices and acquiring healthcare companies.Justin Sullivan | Getty Images 's fourth-quarter results exceeded analysts' expectations, driven by strong sales gains over the holidays.over the past 12 months, bringing its market value to $21.3 billion.
Here's what Best Buy reported compared with what analysts were expecting, based on a survey of analysts by Refinitiv:Revenue: $15.2 billion vs. $15.05 billion expectedIn the fourth quarter ended Feb.1, Best Buy said net income grew to $745Excluding items, Best Buy earned $2.90 per share, which was higher than the $2.75 per share analysts were expecting, according to Refinitiv.billion last year, and was higher than the $15.05Analysts were expecting a 1.
The retailer also made it possible for shoppers in New York City and Chicago to pick up their purchases at 175 alternate pickup locations. In New York, customers could pick up at CVS and UPS and in Chicago, they picked up at UPS.
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