Investing.com - Bed Bath&Beyond reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Bed Bath&Beyond announced earnings per share of $-0.92 on revenue of $2.05B. Analysts polled by Investing.com anticipated EPS of $0.0408 on revenue of $2.08B.
Bed Bath&Beyond shares are up 23% from the beginning of the year and are trading at $17.47 , down-from-52-week-high.They are outperforming the Nasdaq which is down 14.53% from the start of the year.
Bed Bath&Beyond shares lost 2.78% 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 March 21, who reported EPS of $0.87 on revenue of $10.87B, compared to forecasts EPS of $0.7126 on revenue of $10.6B.
BYD ADR had missed expectations on March 29 with first quarter EPS of $0.0661 on revenue of $11.18B, compared to forecast for EPS of $0.2333 on revenue of $6.72B.
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