| Bed Bath & Beyond Inc. (BBBY) shares rocketed higher in the extended session Wednesday after the home-furnishings retailer's outlook topped Wall Street estimates. Bed Bath & Beyond shares rallied 22% after hours, following a 4.1% rise to close the regular session at $12.26. In a statement, the company said it expects "fiscal 2019 net earnings per diluted share will be about the same as fiscal 2018." Bed Bath & Beyond estimates fiscal 2018 earnings of "about $2" a share. Analysts surveyed by FactSet expect earnings of $1.99 a share for fiscal 2018, and $1.56 a share for fiscal 2019. The company reported fiscal third-quarter net income of $24.4 million, or 18 cents a share, compared with $61.3 million, or 44 cents a share, in the year-ago period. Revenue rose to $3.03 billion from $2.95 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 18 cents a share on revenue of $3.05 billion. |
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Thursday, January 10, 2019
Bed Bath & Beyond Inc. (BBBY)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment