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April 5, 2017, 4:25 p.m. EDT

Bed Bath & Beyond shares higher after earnings beat

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By Claudia Assis

BBBY

Shares of Bed Bath & Beyond Inc. /zigman2/quotes/209801102/composite BBBY +6.92% rose more than 4% late Wednesday after the retailer reported per-share quarterly earnings above expectations but said it expects a decline in profit for the year. The company said it earned $268.7 million, or $1.84 a share, in the fiscal fourth quarter, compared with $303.5 million, or $1.91 a share, for the fiscal 2015 fourth quarter. Sales reached $3.5 billion, from $3.4 billion a year ago. Comparable-store sales rose 0.4% in the period. Analysts polled by FactSet had expected the company to report earnings of $1.77 a share on sales of $3.5 billion. Bed Bath & Beyond is modeling a decline in net per-share earnings in the low-single digits to 10% for fiscal 2017, the company said in a statement.

/zigman2/quotes/209801102/composite
US : U.S.: Nasdaq
$ 3.40
+0.22 +6.92%
Volume: 11.65M
Nov. 30, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$255.55 million
Rev. per Employee
$213,428
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