Bed Bath & Beyond: Fiscal 3Q Earnings Snapshot
UNION, N.J. (AP) _ Bed Bath & Beyond Inc. (BBBY) on Wednesday reported fiscal third-quarter net income of $24.4 million.
On a per-share basis, the Union, New Jersey-based company said it had profit of 18 cents.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The home goods retailer posted revenue of $3.03 billion in the period, which missed Street forecasts. Eight analysts surveyed by Zacks expected $3.04 billion.
Bed Bath & Beyond shares have risen slightly more than 8 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 3 percent. In the final minutes of trading on Wednesday, shares hit $12.26, a decrease of 43 percent in the last 12 months.