Shares of the home-furnishing retailer Bed Bath & Beyond Inc. (BBBY – Analyst Report) fell 3.5% in yesterday's after-hour trading session, owing to lower-than-expected sales results for third-quarter fiscal 2014.
Bed Bath & Beyond's third-quarter earnings of $1.19 per share were in line with the Zacks Consensus Estimate of $1.19 per share and within the company's guidance range of $1.17—$1.21 per share. Moreover, bottom-line results improved 6.3% from $1.12 per share reported in the prior-year quarter.