Is Now the Right Time to Add Best Buy Stock?

Is Now the Right Time to Add Best Buy Stock?

Share prices of Best Buy (BBY 3.14%) surged 13% on Nov. 22 after the big-box retailer posted its latest earnings report. In the third quarter of fiscal 2023, which ended on Oct. 29, revenue fell 11% year over year to $10.59 billion but still beat analysts' estimates by $290 million. Its adjusted earnings per share (EPS) declined 34% to $1.38 but also topped the consensus forecast by $0.36. Those numbers look weak, but Best Buy had already told investors to …