Technology giants Dell (NYSE: DELL) and HP (NYSE: HPQ) reported better-than-expected last quarter financial results on Tuesday boosted by a huge surge in PC demand due to remote working and distance learning.
EPS $2.03 vs $1.40 expected
Revenue $23.48B vs $21.85B expected
$HPQ pre-market 5%
EPS $.0.62 vs $0.52 expected
Revenue $15.26B vs $14.72B expected
BestBuy (NYSE: BBY) shares fell more than 6% on Tuesday despite strong Q3 Earnings after the retailer hold off on offering long-term earnings forecasts.
$BBY revenue grew to $11.85B from $9.76B in the previous year and the stock up by 39% in 2020.
“Today, we are once again reporting strong quarterly results in the midst of unprecedented times" Corie Barry, Best Buy CEO, said.