Thursday, December 21, 2017

Home goods retailer’s net earnings continue to tumble in Q3

While Bed Bath & Beyond’s net earnings continue to slide, strong digital sales helped the chain beat analyst estimates for the third quarter.

The company’s net earnings took a hit for the quarter ending Nov. 25, topping out at $61.3 million, compared with $126.4 million for the fiscal 2016 third quarter. While earnings were $.44 per diluted share compared to $.85 for the same period last year, this was above analyst expectations of an estimated $0.37 per share, according to Nasdaq.. . . more

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