Bed Bath & Beyond ($BBBY) announced preliminary th

Bed Bath & Beyond ($BBBY) announced preliminary third quarter net sales of about $3 billion, up 0.3 percent year-over-year, which is below its previous sales growth guidance of 1.8-4 percent. The company now estimates comparable sales to have declined 0.4 percent or be relatively flat on a constant currency basis. The company also lowered its earnings per share guidance to $1.07-$1.10 from $1.14-$1.21. The company also said comparable sales from the beginning of the fourth quarter through Christmas are estimated to have risen about 1 percent.