Shares of the electronics retailer surged Best Buy's same-store sales rose 1.

S, while online sales rose Wall Street probably especially liked the results in light of how challenging the electronics market was during the quarter. On a company earnings call with analysts this morning, Best Buy CEO Hubert Joly attributed the strong revenue growth to increased sales in computing and gaming. The Nintendo Switch was an instant hit when it was released on March 3, for example.

Best Buy has beaten earnings estimates for 18 consecutive quarters now, a combination of managing Wall Street's expectations and big-time cost cuts. Aggressive repurchases of Best Buy's stock has also helped to pump up the bottom line, too. Market gurus are gushing that the Amazon-Whole Foods merger is a brilliant slam-dunk; but is it?

Jim Cramer Is Watching Earnings From Best Buy, Costco, Burlington and Ulta Salon - TheStreet

It is hard to see how the troubled retailer pulls out of the death spiral in which it finds itself. Read More Trending Articles: Why Alibaba's Founder Jack Ma Thinks You Will Eventually Only Work Four Hours a Day Now We Have an Idea When the iPhone 8 Will Launch, Thanks to Vacationing Apple Employees When Investors Get It Wrong: Originally published May Action Alerts PLUS is a registered trademark of TheStreet, Inc.

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Jim Cramer Sizes Up Best Buy, Costco Ahead of Earnings - TheStreet

May 28, This will make the elements use the width property again. Food and Beverage , Retail , Services , Technology , Electronics , Consumer Goods , Consumer Technology , Entertainment , Online Retail , Consumer Durables , Consumer Non-Durables , Specialty Retail , Business Technology , Disruptive Technology , Shopping , Smartphones , Tablets , Technology Trends , Breaking News. Jun 20, Why Amazon's Consumption of Whole Foods May Cause Indigestion Market gurus are gushing that the Amazon-Whole Foods merger is a brilliant slam-dunk; but is it?

Jun 19, 1: Jun 16, Sears Holdings Holds On by Its Fingernails but Is Losing Its Grip It is hard to see how the troubled retailer pulls out of the death spiral in which it finds itself. Jun 16, 9: Advanced Micro Devices Stock Explodes After Releasing Details on New Super Chip, Epyc.

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