Crude Oil Falls Over 1%; Best Buy Reports Downbeat Results
1. Best Buy's Q1 sales fell 1% year-over-year, missing estimates. 2. Adjusted earnings of $1.15 per share fell short of the $1.31 consensus. 3. Fiscal 2026 earnings outlook lowered to $6.15-$6.30 per share. 4. Sales guidance revised down from $41.4-$42.2 billion to $41.1-$41.9 billion. 5. Current consensus sales estimates hold at $41.44 billion.