3 Reasons Bed Bath & Beyond's Earnings Report Disappointed

Bed Bath & Beyond shares are down after the retailer reported three items in its most recent earnings report which disappointed Wall Street. First, net income of $333.3 million tumbled 11%, while EPS of $1.60 was 8 cents less than a year earlier. Next, revenue dropped 5.9% to $3.2 billion. Lastly, management's outlook fell short of analyst forecasts. The company anticipates EPS of 92 cents to 96 cents. That shows no growth from the comparable quarter last year and falls short of $1.02 consensus.