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The consumer electronics retailer’s net sales rose to $11.91 billion from $11.85 billion a year earlier, topping estimates of $11.58 billion

Best Buy positive quarterly results clouded by supply issues

Best Buy Co Inc beats third-quarter earnings estimates on Tuesday, but its shares tumbled more than 15%, indicating investors’ worry due to shortages of electronic products

By Shubhangi Mathur
Published - Nov 23, 2021, 06:42 PM ET
Last Updated - Jul 04, 2024, 11:26 PM EDT

Best Buy net sales rose to $11.91 billion from $11.85 billion a year earlier

Shares of the company tumbled more than 15% on Tuesday

Best Buy Co Inc beats third-quarter earnings estimates on Tuesday, but its shares tumbled more than 15%, indicating investors’ worry due to shortages of electronic products.

The consumer electronics retailer’s net sales rose to $11.91 billion from $11.85 billion a year earlier, topping estimates of $11.58 billion.

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