Bed Bath & Beyond Shares Sink on Revenue Miss and Weak U.S. Wage

Bed Bath & Beyond (BBBY) stock tumbled in Friday's trading session, making it TheStreet's Move of the Day. The home goods retailer reported third-quarter profit of $1.19 a share, on revenue of $2.94 billion which fell short of Wall Street estimates. Also, many U.S. retailers saw a decline in shares today following the release of the employment situation report. Job growth in the U.S. increased in December, but wages fell unexpectedly which could mean that a tightening labor market has yet to help workers. Shares of Bed Bath & Beyond closed lower by 6.75% to $74.09 on Friday. TheStreet's Kurumi Fukushima reports from New York.