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Raising a full fiscal year outlook means a company now expects to do better over its entire year than it told investors it would at the start.
The consumer electronics retailer lifted its full fiscal year outlook after reporting a first half that came in stronger than analysts had expected, with computing products showing particular strength.
Best Buy topped quarterly estimates for the period. Topping estimates means the company's reported results beat the figures analysts had collectively forecast before the earnings report.
Those estimates set the market's baseline for what counts as a good result or a disappointing one, which is why beating them tends to move a stock. The computing category was the source of the outperformance.
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