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Bed Bath & Beyond (BBBY) Is Declining After Q1 Report

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6/20/2012 4:34 PM ET

Bed Bath & Beyond (BBBY: Quote) reported first quarter EPS of $0.89 after the bell Wednesday, up from $0.72 in the prior year period. The consensus estimate was for EPS of $0.85. The company expects to report second quarter EPS of $0.97 to $1.03, which is below the consensus estimate of $1.08. The stock is now down 7.17 on 569K shares.

Bed Bath & Beyond fell in the first hour of trade Wednesday and finished down by 1.05 at $73.67. The stock pulled back from the highs of the year.

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by RTT Staff Writer

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