At the opening of bidding for shares of NYSE operator of retail chains to sell the goods for the home Bed Bath & Beyond Inc. increased by 19% after a positive quarterly report prior to the company, exceeding analysts' forecasts.
Bed Bath & Beyond reported a decrease of profits for the financial results of IV quarter ended February 28, at 18% to U.S. $ 141.4 million, or up to U.S. $ 0.55 per share to U.S. $ 172.9 million or U.S. $ 0.66 per share a year earlier. The volume of sales decreased by 1% to 1.92 billion U.S., comparable sales of goods decreased by 4.3%.
Analysts predicted profit of the company at 0.44 dollars per share and revenue of $ 1.915 billion
JP Morgan Chase has raised the recommendation on shares of Bed Bath & Beyond to «neutral» with a «good the market».
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