Bed Bath & Beyond Posts 32% Jump in Earnings

Updated from 5:03 p.m. EST

Bed Bath & Beyond (BBBY Quote) posted a 32% gain in earnings per share in the third quarter, but the company warned analysts not to expect an encore in the current period.

In its quarter ended Nov. 29, the home-products retailer earned $100.5 million, or 33 cents a share, compared to $75.1 million, or 25 cents a share, in the year-ago period. The company's sales rose 25.5% to $1.17 billion on the year.

The retailer's results topped Wall Street's estimates. Analysts polled by Thomson First Call were expecting Bed Bath & Beyond to earn 31 cents a share on sales of $1.16 billion. ...