Bed Bath & Beyond FY19 Earnings Forecast Sends Shares Higher
January 09 2019 - 5:18PM
Dow Jones News
By Micah Maidenberg
Bed Bath & Beyond Inc. (BBBY) predicted higher-than-expected
earnings for its next fiscal year, sending shares sharply higher in
after-hours trading.
The Union, N.J.-based retail chain said Wednesday it expects to
earn around $2 a share in its fiscal 2019 year. That outlook is
stronger than the $1.51 a share analysts polled by FactSet had
predicted. The company also expects to earn about $2 a share in its
current fiscal year.
Shares of Bed Bath & Beyond rose 20% to $14.79 in
after-hours trading. The company's stock rose 4.1% during regular
hours Wednesday.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
January 09, 2019 17:03 ET (22:03 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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