Amidst a generally mixed after-hours session on Thursday, Bed Bath & Beyond ( BBBY) shares drowned following some off-putting next-quarter guidance .
Shares of the home-furnishing retailer were sliding 6.1% after it estimated that flat same-store sales will yield fourth-quarter earnings of between 64 cents and 67 cents a share -- at least 11 cents shy of Wall Street projections, according to Thomson Financial. Accordingly, that should also put a damper on full-year earnings, which are now set at $2.08 to $2.11 a share vs. the average analyst estimate of $2.20. For the fiscal third quarter, the Union, N.J., company's results were better than expected with a profit of $138.2 million, or 52 cents a share, on revenue of $1.79 billion. Still, shares were off $1.68 to $25.72 in recent late trading. Another retailer, Finish Line ( FINL), widened its continuing-operations loss more than sevenfold to 29 cents a share, in large part due to its bottom-line scarring merger agreement with footwear rival Genesco ( GCO). Finish Line agreed to buy the company in June before Genesco's apparently worsening financial health had both Finish Line and its financial backer, UBS, mulling a pullout . But Genesco sued to force completion of the deal and got a favorable ruling just last week. The whole ordeal has cost Finish Line 12 cents a share, without which its loss would have come to 17 cents a share -- still 2 cents more than expected.