- This topic has 6 replies, 3 voices, and was last updated 5 years, 8 months ago by
.
- Posts
Bed Bath & Beyond $BBBY third-quarter per-share earnings above Wall Street expectations and comparable-store sales that declined less than forecasts.
Bed Bath & Beyond earned $61.3 million, or 44 cents a share, in the quarter, compared with $126 million, or 85 cents a share, in the year-ago period. Net sales fell slightly to $2.954 billion, from $2.955 billion a year ago. Analysts polled by FactSet had expected earnings of 38 cents a share on sales of $2.90 billion.
Comparable-store sales fell 0.3% in the quarter. The analysts surveyed by FactSet had expected a 2.4% decline.
$BBBY board of directors also declared a dividend of 15 cents a share, payable April 15 to shareholders of record March 16.
Despite the beat on forecasts $BBBY reversed down 5% after being up 5% After hours
Bed Bath & Beyond Inc NASDAQ: BBBY · December 20 2017 After Hours 23.24▼ 1.33 (5.41%)
Bed Bath & Beyond Inc. (NASDAQ: $BBBY) Analyst Reaction After Earnings
Jefferies reiterated it at Hold with a $25 price target.
Wedbush Securities maintained Neutral rating and lowered its price target to $23.
Credit Suisse reiterated its Neutral rating, noting margins are falling and that its stabilization path unclear.
Merrill Lynch reiterated Underperform rating and $19 price objective.
- You must be logged in to reply to this topic.