Publish date:

Bed, Bath and Beyond's Shares Tumble After Poor Q2 Earnings

One of the more active shares expected at the start of Wednesday's trading session will be Bed Bath & Beyond.

One of the more active shares expected at the start of the U.S. session will be Bed Bath & Beyond (BBBY) - Get Bed Bath & Beyond Inc. Report , which slumped more than 12% in after-hours trading late Tuesday following the home furnishing retailer's disappointing second quarter earnings report, which missed analysts' estimates by 28 cents and announced a cost-cutting program.

Those expectations mirror the action seen overnight in Asia and in Europe, where the broadest measure of regional share prices, the Stoxx Europe 600 index, was marked 0.02% higher in quiet trading by mid-morning in London. In fact, the most active mover of the session was the U.K. pound, which was higher against a modestly weaker U.S. dollar after the country's official statistics office said August retail sales much faster than anticipated, possibly cementing the case for a rate increase from the Bank of England as early as November.

Watch More with TheStreet:

TheStreet Recommends