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DeepNewz, mobile.
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Best Buy is expected to report its tenth consecutive quarter of sales decline, with a bigger-than-expected drop in first-quarter comparable sales. On the other hand, HP reported an increase in PC sales, beating revenue estimates, and eyes growth in AI PCs, expecting them to account for 10% of shipments in the second half of the fiscal year.
$JWN | Nordstrom Q1'24 Earnings Highlights: 🔹 Adj EPS: -$0.24 (Est. -$0.07) 🔴 🔹 Revenue: $3.22B (Est. $3.19B) 🟢; UP +5.1% YoY FY'25 Guidance: 🔹 EPS: $1.65-$2.05 (Est. $1.79) 🟢 🔹 Comparable Sales: Range of 1% Decline to 2% Growth 🔹 Revenue Range: -2.0% to +1.0% growth… https://t.co/OMyy7W8ymj
Shares of HP Inc $HPQ gained approximately 16% on its revenue and earnings beat: https://t.co/ChhDM7hdzI How HP Inc $HPQ (+15.99%) Makes Its Money: https://t.co/hZwwUnZQwU #investing #stocks https://t.co/cBXu9QRqXy https://t.co/vbFLPA8Oj6
Nordstrom misses by $0.17, beats on revs; guides FY25 EPS in-line $JWN