BBY, HPQ Earnings: This Year Will Be The Low Point For Tech Demand

Best Buy (BBY) beats on earnings and provides a mixed outlook. Its adjusted EPS came in at $1.22 versus an estimated $1.06 and revenue came in at $9.58B versus an estimated $9.52B. BBY’s gross margin came in at 23.2% and its operating margin at 3.6%. BBY’s CEO noted that this year will be the low point in tech demand. Daniel Kern discusses BBY along with HP Inc. (HPQ). Its adjusted EPS is estimated at $0.86 and revenue is estimated at $13.36B. Its earnings will be reported post-market today. HPQ is up 16% year-to-date. Tom White then joins to demonstrate example trades using BBY and HPQ. He is bullish on BBY and neutral to bullish on HPQ. Tune in to find out more about the stock market today.