dipped 2.6% from its closing price after the company topped second-quarter earnings estimates, though fell short on revenue and same-store sales. The home decor and bathroom supply retailer is expecting its fiscal year 2019 revenue to be about $11.4 billion, compared to the $11.37 billion Wall Street was expecting, according to Refinitiv.
In the second quarter, Bed Bath and Beyond reported earnings of 34 cents per share, exceeding Wall Street's expectation of 27 cents per share. The company posted revenue of $2.72 billion, just under the $2.75 billion investors forecast, according to Refinitiv consensus estimates. The same-store sales, meanwhile, declined 6.7% compared to the 5.4% decrease analysts anticipated.
Shipments of the new HERO8 Black camera will also be delayed until the fourth quarter, "resulting in a significant revenue shift," the company announced in an
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