This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Weather Excuses and Missed Expectations: StockTwits

NEW YORK (TheStreet) -- Earnings season launched last night. Today we're treated to what many are expecting to only be the first of a long line of weather-related excuses for companies missing expectations in Q1.

This evening's sacrificial lamb is Bed Bath & Beyond  (BBBY - Get Report), which after today's close blamed slumping quarterly sales on lousy weather. At the time of this writing, shares of Bed Bath & Beyond were trading down over 5% from their closing 4 p.m. print. This doesn't bode well for the rest of the retail and even homebuilding sectors:

$BBBY Foreshadowing $xhb earnings -- MarketMaker (@MarketMaker) Apr. 9 at 02:35 PM

...and it's starting to look like the next quarterly report from $BBBY doesn't hold any more promise:

$BBBY After this winter; that BBBY would actually be guiding lower for Spring (you know; daffodils, butterflies, etc) does not bode well. -- Abazaba (@Abazaba) Apr. 9 at 02:31 PM

But not everyone is so blue. Some are suggesting perhaps this winter might allow companies to "eat some losses" now, for the betterment of future quarters:

$BBBY now clearly weather killed all retail q1..however one can expect a real nice bounce back q2-3 with spending resuming..long term bull -- Steve (@Stocknut62) Apr. 9 at 01:57 PM

At the time of publication, the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
BBBY $72.52 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs