Investing.com - Bed Bath&Beyond reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Bed Bath&Beyond announced earnings per share of $-0.25 on revenue of $1.88B. Analysts polled by Investing.com anticipated EPS of $0.0177 on revenue of $1.96B.
Bed Bath&Beyond shares are down 8% from the beginning of the year and are trading at $12.10 , down-from-52-week-high.They are under-performing the Nasdaq which is down 3.48% from the start of the year.
Bed Bath&Beyond shares lost 9.43% in pre-market trade the report.
Bed Bath&Beyond follows other major Consumer Discretionary sector earnings this month
Bed Bath&Beyond's report follows an earnings beat by Nike on December 20, 2021, who reported EPS of $0.83 on revenue of $11.36B, compared to forecasts EPS of $0.6307 on revenue of $11.25B.
Rivian Automotive had missed expectations on December 16, 2021 with fourth quarter EPS of $-7.68 on revenue of $1M, compared to forecast for EPS of $-1.33 on revenue of $926.41K.
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