Bed Bath & Beyond Surges After Earnings (BBBY)

Shares of Bed Bath & Beyond BBBY have jumped 11% to $54.86 after the company reported better than expected earnings yesterday after the closing bell. The company reported Q4 earnings per share of $1.12 compared to analysts' consensus EPS estimates of $0.97. Revenue was up 11.6% to $2.51 billion versus $2.24 billion in the year ago period. This also came in ahead of Wall Street revenue estimates of $2.39 billion.