<< Read Full Article
<< Read Full Article
Bed Bath & Beyond Pulls Profit off Cost Cuts
Bed Bath & Beyond(BBBY Quote) may have reported an unexpected jump in first quarter earnings -- which is nice and all -- but the increase, in truth, has come from cost-cutting initiatives, and not from an overwhelming demand for home furnishings.
Still, a gain is a gain, to investors anyway, and shares spiked 6% to $30.10 in after-market trading.
During the quarter, the company earned $87.2 million, or 34 cents a share, up 13% from $76.8 million, or 30 cents, in the year prior. Analysts expected earnings of 25 cents.
Sales rose 3% to $1.69 billion, but same-store sales fell 1.6%....
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,329.72 | 1,093.48 | 2,137.89 | 32.01 |
Oil *
78.50
|
|
UP
19.80
|
UP
1.99
|
DOWN
0.55
|
DOWN
0.30
|
10 Yr
3.20%
SPDR Gold
115.44
|
|
+0.19%
|
+0.18%
|
-0.03%
|
-0.93%
|
Data delayed 20 minutes |
Connect with TheStreet