NEW YORK (TheStreet) -- Shares of Bed Bath & Beyond (BBBY - Get Report) are higher by 6.72% to $66.90 in after-hours trading on Tuesday, after the company reported net income for the 2014 second quarter of $224 million, or $1.17 per diluted share, beating the FactSet estimate of $1.14 per share.

The company, which operates a variety of retail stores including Christmas Tree Shop, Harmon and Harmon Face Values and Bed Bath & Beyond, said net sales for the latest quarter increased by 4.3% to $2.945 billion.

Analysts had expected revenue of $2.9 billion for the 2014 second quarter.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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Separately, TheStreet Ratings team rates BED BATH & BEYOND INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate BED BATH & BEYOND INC (BBBY) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

You can view the full analysis from the report here: BBBY Ratings Report

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