Bed Bath & Beyond (BBBY) 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.
Bed Bath & Beyond gapped open sharply lower Thursday morning and is now down 9.92 at $63.75 on above average volume. The stock has dropped to a 3-month low and has fallen below its 50-day moving average.
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