Bed Bath & Beyond Inc Reveals 21% Retreat In Q3 Earnings

(RTTNews) - Bed Bath & Beyond Inc (BBBY) revealed earnings for third quarter that declined compared to the same period last year.

The company said its bottom line fell to $177.82 million, or $1.09 per share. This was down from $225.41 million, or $1.23 per share, in last year's third quarter.

The company said revenue for the quarter fell 0.7% to $2.92 billion. This was down from $2.94 billion last year.

Bed Bath & Beyond Inc earnings at a glance:

-Earnings (Q3): $177.82 Mln. vs. $225.41 Mln. last year. -Earnings Decline (Y-o-Y): -21.1% -EPS (Q3): $1.09 vs. $1.23 last year. -EPS Decline (Y-o-Y): -11.4% -Revenue (Q3): $2.92 Bln vs. $2.94 Bln last year. -Revenue Change (Y-o-Y): -0.7%

-Guidance: Next quarter EPS guidance: $1.72 - $1.86 Full year EPS guidance: $4.91 - $5.05