Bed Bath & Beyond Earnings: Here’s Why the Stock is Up Now
Bed Bath & Beyond, Inc. (NASDAQ:BBBY) delivered a profit and beat 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 up 4.92%.
Bed Bath & Beyond, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 18.37% to $1.16 in the quarter versus EPS of $0.98 in the year-earlier quarter.
Revenue: Rose 8.91% to $2.82 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Bed Bath & Beyond, Inc. reported adjusted EPS income of $1.16 per share. By that measure, the company beat the mean analyst estimate of $1.15. It beat the average revenue estimate of $2.81 billion.