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.
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