07:33 AM EST, 11/26/2024 (MT Newswires) -- Best Buy ( BBY ) reported fiscal Q3 non-GAAP earnings Tuesday of $1.26 per diluted share, down from $1.29 a year earlier.

Analysts polled by FactSet expected $1.30.

Revenue for the quarter ended Nov. 2 was $9.45 billion, compared with $9.76 billion a year earlier.

Analysts surveyed by FactSet expected $9.63 billion.

The company trimmed the higher end of its fiscal 2025 non-GAAP diluted EPS guidance and now expects a range of $6.10 to $6.25 from the previous $6.10 to $6.35. Analysts surveyed by FactSet expect $6.26. The company also reduced its revenue guidance for the year to a range of $41.1 billion to $41.5 billion from the previous forecast of $41.3 billion to $41.9 billion. Analysts polled by FactSet expect $41.54 billion.

Best Buy ( BBY ) shares were down more than 7% in recent premarket activity.