Market Overview

Bed Bath & Beyond Down 14% After Weak Q2 Guidance

Bed Bath & Beyond Inc.(NASDAQ: BBBY) is trading lower on thesession following its Q1 earnings annoouncement yesterday. The company reported an EPS of $0.89 vs $0.85 estimates and revenues of $2.22 billion vs $2.25 billion estimates.

Bed Bath & Beyond also guided Q2 EPS $0.97-1.03 vs $1.08 estimates. The company's quarterly sames stoere sales incrased by 3.%

Bed Bath & Beyond is currently trading at $63.22, a loss of $10.45 or 14.18%. The stock is still up about 10% year-to-date.

Posted-In: Intraday Update Movers

 

Related Articles (BBBY)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters