Bed Bath & Beyond Shows Signs Of Weakness; Barron’s (BBBY)

Investors are going cold on Bed Bath & Beyond shares BBBY. The company announced impressive quarterly results on Wednesday. However, it gave very conservative guidance, which disappointed the markets and investors. It earned $137.6 million during the first quarter which translates to 52 cents per share. Bed Bath & Beyond (BBBY) said that it expects to make between 59 cents and 63 cents a share in the upcoming quarter. This is below the street expectation of 64 cents. Barron’s has warned investors to be ready to witness weakness in Bed Bath & Beyond (BBBY) stock going forward.