buying: Best Buy Stock Is Surging Today: What's Going On?

How to Buy a New Car in Today’s Challenging Market

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Best Buy Co (NYSE: BBY) shares are trading higher Tuesday after the company turned in better-than-expected financial results for the third-quarter.

  Best Buy Stock Is Surging Today: What's Going On? © Provided by Benzinga

Best Buy reported third-quarter revenue of $10.59 billion, which beat average analyst estimates of $10.31 billion, according to Benzinga Pro. Domestic revenue decreased 10.8% year-over-year, while international revenue was down 14.9%. Comparable sales declined 10.4% year-over-year.

Best Buy reported third-quarter earnings of $1.38 per share, which beat average estimates of $1.03 per share.

"Throughout the quarter, we were committed to balancing our near-term response to current conditions and managing well what is in our control, while also advancing our strategic initiatives and investing in areas important for our long-term growth," said Corie Barry, CEO of Best Buy.

nervous recovery on Frankfurt stock exchange: Dax holds itself again in the Plus

 nervous recovery on Frankfurt stock exchange: Dax holds itself again in the Plus On Tuesday, investors on the Frankfurt Stock Exchange are nervous. © provided by Asif Hassan/AFP/Getty Images The DAX opened the session 0.86 percent higher at 12,332.85 points. After that it went into the plus, at times the leading index slipped just below the zero line. Now, however, a profit from 0.93 percent at 12,341.39 points is again on the board.

Best Buy expects full-year comparable sales to decline approximately 10%.

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The company also resumed its share repurchase program and said it expects to spend $1 billion on repurchases this year.

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BBY Price Action: Best Buy has a 52-week high of $112.96 and a 52-week low of $60.78.

The stock was up 8.43% at $76.80 Tuesday morning.

Photo: courtesy of Best Buy.

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The Chinese mixed group BYD, which is known for its electric vehicles and batteries, does not want to continue to pursue the plans for the IPO of its semiconductor division. © provided by Tannen Maury/AFP/Getty Images • Tesla competitor BYD wanted to bring semiconductor division to the stock exchange • Shenzhen Stock Exchange stopped in August BYDS plans • Plans for IPO for the time being, but not completely abandoned Most people know the Tesla competitor BYD through its electric v

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