Investing.com - Bed Bath&Beyond reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Bed Bath&Beyond announced earnings per share of $0.08 on revenue of $2.62B. Analysts polled by Investing.com anticipated EPS of $0.172 on revenue of $2.76B.
Bed Bath&Beyond shares are up 6% from the beginning of the year and are trading at $18.83 , down-from-52-week-high.They are outperforming the Nasdaq which is up 1.46% from the start of the year.
Bed Bath&Beyond shares lost 10.46% in intra-day trade the report.
Bed Bath&Beyond follows other major Services sector earnings this month
Bed Bath&Beyond's report follows an earnings missed by T-Mobile US on Wednesday, who reported EPS of $0.4823 on revenue of $19.91B, compared to forecasts EPS of $0.4848 on revenue of $19.86B.
Costco had beat expectations on December 10, 2020 with first quarter EPS of $2.29 on revenue of $43.21B, compared to forecast for EPS of $2.05 on revenue of $46.33B.
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