The Bird's Nest Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Bird's Nest

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: clutterer	4/8/2009 8:36:53 AM
	of 15232

Bed Bath & Beyond Inc. Climbs in Pre-Market on Q4 Earnings 4/8/2009 8:19:37 AM(RTTNews) Bed Bath & Beyond Inc. (BBBY) is rising in pre-market trading on Wednesday as the company announced better-than-expected earnings for the fourth quarter. At approximately 8:20 AM ET, the stock is trading at $28.90, up from Monday’s close of $25.51. With the climb, the stock is poised to reach its highest levels since early October. The firm posted fourth quarter profit of $141.4 million or $0.55 per share, compared to $172.9 million or $0.66 per share in the same quarter a year ago. On average, 18 analysts polled by Thomson Reuters expected the company to report earnings of $0.44 per share. Analysts' estimates typically exclude special items. Net sales for the fourth quarter were $1.923 billion, down 0.5 percent from $1.933 billion last year. Comparable store sales in the fourth quarter of 2008 decreased approximately 4.3 percent. A Thomson Reuter survey of 15 Wall Street analysts forecasted revenues at $1.92 billion.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next