Bed Bath & Beyond Headed Higher After Earnings (BBBY)

Bed Bath & Beyond BBBY released its Q4 earnings results on Thursday after the closing bell. The company reported net income of $283.5 million, or $1.12 per share, compared to $226 million, or $0.86 per share, in the year ago period. This compared to analysts' consensus EPS estimates of $0.97 per share. Revenue came in at $2.5 billion, a 11.6% increase over the $2.24 billion the company reported in the year ago period. This also came in ahead of consensus estimates, which were set at $2.39 billion. Comparable store sales for the quarter were up 8.5%. Looking ahead to Q1, the company sees EPS in a range between $0.58 and $0.61. This compares to analysts' current EPS estimates of $0.60. In the after hours trading session, BBBY shares have risen 9.09% to $53.88.