Bed Bath & Beyond Earnings: Here’s Why Investors Don’t Like These Results
Bed Bath & Beyond, Inc. (NASDAQ:BBBY) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.72%.
Bed Bath & Beyond, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 4.49% to $0.93 in the quarter versus EPS of $0.89 in the year-earlier quarter.
Revenue: Rose 17.75% to $2.61 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Bed Bath & Beyond, Inc. reported adjusted EPS income of $0.93 per share. By that measure, the company met the mean analyst estimate of $0.93. It beat the average revenue estimate of $2.6 billion.
Quoting Management: There was no comment from management.
Key Stats (on next page)…