Investors Sell Bed Bath & Beyond (BBBY) Shares Despite 'Beat and Raise'
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Price: $4.35 --0%
Financial Fact:
Earnings before provision for income taxes: 262.77M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Earnings before provision for income taxes: 262.77M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Despite "beat and raise" quarter and guidance, shares of Bed Bath & Beyond (Nasdaq: BBBY) are selling off in Wednesday's after-hours session.
The company topped second-quarter earnings per share result by 9 cents and posted inline quarterly sales.
Bed Bath & Beyond's third-quarter outlook was right inline with the Street: EPS of 82-87 cents, versus the consensus of 86 cents. For the FY11, the retailer raised its EPS growth outlook from 15-20 percent to 22-25 percent.
The stock is down just under 1 percent from the close.
The company topped second-quarter earnings per share result by 9 cents and posted inline quarterly sales.
Bed Bath & Beyond's third-quarter outlook was right inline with the Street: EPS of 82-87 cents, versus the consensus of 86 cents. For the FY11, the retailer raised its EPS growth outlook from 15-20 percent to 22-25 percent.
The stock is down just under 1 percent from the close.
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