Why Bed Bath & Beyond (BBBY) Stock Continues to Surge Today

NEW YORK (TheStreet) -- Shares of Bed Bath & Beyond (BBBY) are up 4.88% to $65.75 in pre-market trading after the home furnishings retailer reported fiscal second quarter earnings late yesterday of $224 million, or $1.17 per diluted share, beating Wall Street estimates of $1.14 per share.

Revenue for the quarter was $2.94 billion, ahead of the $2.9 billion analysts expected.

Bed Bath & Beyond gave full-year guidance, and expects to earn between $5 to $5.08 a share, higher than the analysts estimates of $4.80 a share for 2014.

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BBBY Chart BBBY data by YCharts

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