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
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves midday: McDonald's, Charles Schwab, TD Ameritrade & moreThese are the stocks posting the largest moves midday.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves premarket: Lennar, TD Ameritrade, Stitch Fix, Twitter & moreThese are the stocks posting the largest moves before the bell. Wheres wallstreetbets when you need em? Can I get put here, put there, everywhere a put put.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves midday: TD Ameritrade, Delta Air Lines, Stitch Fix & moreCheck out the companies making headlines in midday trading. What in the hell are you reporting? Fidelity investments isn’t publicly traded! You linked to FIS (a completely different company).
Source: CNBC - 🏆 12. / 72 Read more »
BAML predicts rally for European stocks over the coming monthsEuropean equities could jump 6% over the coming months, according to Bank of America Merrill Lynch (BAML)'s latest report.
Source: CNBC - 🏆 12. / 72 Read more »
Dollar powers to 29-month high, stocks stay standing despite weak dataThe dollar bulldozed almost everything in its path on its way to a 29-month high... Impeachment potential is having a good effect.
Source: Reuters - 🏆 2. / 97 Read more »
Stocks This Week: Buy Sun Trust Banks And WeyerhauserHere are a pair of stocks that are likely to rally over the near term. What's the rich with money done for me yet all they do is grease the palms of government tired of the only answer bailing out corporations when's the stock market plunges and we go in depression Empty tweet.
Source: Forbes - 🏆 394. / 53 Read more »