Bed Bath & Beyond Down 14% After Weak Q2 Guidance

Bed Bath & Beyond Inc.

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.