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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

BBBY Chart BBBY data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

Why Hasn't Bed Bath & Beyond Been Attacked by an Activist Investor?

Why Hasn't Bed Bath & Beyond Been Attacked by an Activist Investor?

Closing Bell: LIVE MARKETS BLOG

Closing Bell: LIVE MARKETS BLOG

How to Not Get Robbed by Holiday Returns

How to Not Get Robbed by Holiday Returns

Stocks Close Higher as Wall Street Dissects New Tax Laws

Stocks Close Higher as Wall Street Dissects New Tax Laws

Stocks Trade Higher After Passage of U.S. Tax Law

Stocks Trade Higher After Passage of U.S. Tax Law