=Best Buy (BBY) reported earnings on Thur 24 May 18 (b/o)

Best Buy beats by $0.08, beats on revs; guides Q2 EPS in-line, revs above consensus; reaffirms FY19 EPS, revs and comp guidance; Q1 comps +7.1% ahead of guidance 

• Reports Q1 (Apr) earnings of $0.82 per share, excluding non-recurring items, $0.08 better thanthe Capital IQ Consensus of $0.74; revenues rose 6.8% year/year to $9.11 bln vs the $8.75 bln Capital IQ Consensus; enterprise comps +7.1% and domestic comps +7.1% (co guided for Q1 comps of +1.5-2.5%;  The co also guided for Q1 domestic comps of 1.5-2.5% and international comps of flat to 3%).
• Co issues guidancefor Q2, sees EPS of $0.77-0.82, excluding non-recurring items, vs. $0.81 Capital IQ Consensus Estimate; sees Q2 revs of $9.1-9.2 bln vs. $9 bln Capital IQ Consensus Estimate; sees Q2 comps +3-4%
• Co issues reaffirms guidancefor FY19, sees EPS of $4.80-5.00, excluding non-recurring items, vs. $4.93 Capital IQ Consensus Estimate; sees FY19 revs of $41-42 bln vs. $41.64 bln Capital IQ Consensus Estimate; reaffirms FY19 comps +0-2%