Bed Bath & Beyond up 8.4% on Strong Q4 Earnings
Bed Bath & Beyond (NASDAQ: BBBY) is trading higher on the session following its Q4 earnings announcement yesterday. The company reported an EPS of $1.48 vs $1.33 estimate and revenues of $2.73 billion vs $2.66 billion estimate.
Bed Bath & Beyond also announced that "For fiscal 2012, the Company is modeling net earnings per diluted share to be approximately $.79 to $.83 for the fiscal first quarter and to increase by a high single to a low double digit percentage range for the full year, which will be 53 weeks."
The shares of Bed Bath & Beyond are currently trading at $71.78, a gain of $5.55 or 8.38%.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.