The Union, N.J.-based company reported earnings of $351 million, or $1.48 a share, for the three months ended Feb. 25 with sales up 9.1% from last year to $2.73 billion. The average estimate of analysts polled by Thomson Reuters was for a profit of $1.33 a share on sales of $2.66 billion. Same-store sales rose 6.8% in the quarter.
The company also forecast earnings of 79 to 83 cents a share for its fiscal first quarter ending in May. The current consensus view is for a profit of 82 cents a share.
The stock was last quoted at $70.07, up 5.8%, on volume of more than 560,000, according to Nasdaq.com. Based on Wednesday's regular-session close at $66.23, the shares were up 15% so far in 2012.Bed Bath & Beyond expects earnings to increase in the high single to low double digit range on a percentage basis in the full fiscal year ending in February 2013. Check out TheStreet's quote page for Bed Bath & Beyond for year-to-date share performance, analyst ratings, earnings estimates and much more.
Premier ExhibitionsShares of Premier Exhibitions (PRXI) rose in the extended session after the Atlanta-based company extended the deadline to submit bids for its auction of the Titanic artifact collection. The company cited the "level of interest in its auction of the Titanic artifact collection and the late entry of additional potential bidders" for the extension. The stock was last quoted at $3.08, up 14.1%, on volume of nearly 50,000, according to Nasdaq.com. Also moving in late trades was Carmike Cinemas (CKEC), which was down nearly 7% to $13.55 on volume of more than 20,000 after the company said it's selling 4 million common shares in a public offering. --Written by Michael Baron in New York.
>To contact the writer of this article, click here: Michael Baron.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV