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Analyst Blog

Shares of the home-furnishing retailer, Bed Bath & Beyond Inc. (BBBY - Analyst Report) fell nearly 5.7% in yesterday’s after-hour trading session, after the company announced weak fourth-quarter and fiscal 2013 results and provided an unfavorable fiscal 2014 guidance that lags estimates.

The company’s fourth-quarter earnings decreased approximately 4.8% year over year to $1.60 per share. The year-over-year decline in bottom line was primarily due to weak sales. However, quarterly earnings were in line with the Zacks Consensus Estimate.

 

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