Bed Bath & Beyond 3Q Misses on Top and Bottom Lines

Bed Bath & Beyond reported third-quarter earnings of 85 cents a share, missing Wall Street's projection of 98 cents. Revenue came in below expectations.
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Bed Bath & Beyond (BBBY) - Get Report reported third-quarter earnings of 85 cents a share, missing Wall Street's projection of 98 cents. Revenue for the retailer came in at $2.96 billion compared with analysts' estimate of $3.01 billion. Comparable sales in the third quarter decreased by approximately 1.4%, compared with a decrease of approximately 0.4% last year.