Bed Bath & Beyond Shows Optimism in Earnings; Stocks Soar
Bed Bath & Beyond saw its stocks take off on Wednesday (Jan. 9) after reporting that the company is ahead of schedule in slowing declines in its operating profit and net earnings per share. It also said it was ahead of schedule on increasing its net earnings per share by 2020. The good news sent the company’s stock upwards more than 20 percent after market hours.
That news outweighed disappointing same-store sales and third-quarter results that were roughly in line with expectations.
Read more at CNBC.