Bed Bath & Beyond Inc Profit Falls 11% In Q4

(RTTNews) - Bed Bath & Beyond Inc (BBBY) revealed earnings for fourth quarter that dropped from last year.

The company said its bottom line dropped to $268.73 million, or $1.84 per share. This was lower than $303.54 million, or $1.91 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.777 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.2% to $3.53 billion. This was up from $3.42 billion last year.

Bed Bath & Beyond Inc earnings at a glance:

-Earnings (Q4): $268.73 Mln. vs. $303.54 Mln. last year. -Earnings Decline (Y-o-Y): -11.5% -EPS (Q4): $1.84 vs. $1.91 last year. -EPS Decline (Y-o-Y): -3.7% -Analysts Estimate: $1.777 -Revenue (Q4): $3.53 Bln vs. $3.42 Bln last year. -Revenue Change (Y-o-Y): 3.2%