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Analyst Defends Bed Bath & Beyond After Warning
Bed Bath & Beyond(BBBY Quote) announced late Tuesday that it is lowering its outlook for its fiscal third quarter.
The company said it now expects EPS in a range of 31 to 35 cents for the quarter ending Nov. 29. That's down from previous guidance of 41 cents to 47 cents a share the company gave in September. Same-store sales for the quarter declined about 5.6%, which was steeper than the company's guidance of relatively flat to low single-digit decline. ...
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