Investing.com - Bed Bath&Beyond reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Bed Bath&Beyond announced earnings per share of $0.4 on revenue of $2.62B. Analysts polled by Investing.com anticipated EPS of $0.3096 on revenue of $2.63B.
Bed Bath&Beyond shares are up 57% from the beginning of the year and are trading at $27.93 , down-from-52-week-high.They are outperforming the Nasdaq which is up 8.6% from the start of the year.
Bed Bath&Beyond follows other major Services sector earnings this month
Bed Bath&Beyond's report follows an earnings beat by Pinduoduo on March 17, who reported EPS of $-0.15 on revenue of $26.55B, compared to forecasts EPS of $-0.2543 on revenue of $19.12B.
Dollar General had missed expectations on March 18 with fourth quarter EPS of $2.62 on revenue of $8.41B, compared to forecast for EPS of $2.72 on revenue of $8.29B.
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