Posted On: 06/21/2012 11:05:34 AM
Post# of 102448
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Bed Bath & Beyond falls on weak outlook SAN FRANCISCO (MarketWatch) -- Bed Bath & Beyond (NASDAQ:BBBY) shares dropped as much as 15% to $62.62 in early trade Thursday, making it the biggest perentage decliner on the S&P 500 (SNC:SPX) . The Union, N.J.-based retailer offered investors a shakier earnings outlook than analyst had expected. Following its first-quarter report, released after the close Wednesday, the company predicted second-quarter earnings of 97 cents to $1.03 a share, shy of the $1.08 analysts had been looking for. Still, their reported earnings for the first fiscal quarter beat analysts' expectations and stock is up 16% when compared with where it was trading a year ago.
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