Bed Bath & Beyond Reaches 8-Year Low

Bed Bath & Beyond BBBY shares are trading lower by $4.00 at $29.74 in Friday's session.

Although the number may not compare, the Street doesn't like the results of its Q1 report. After Thursday's close, the company reported an EPS miss of 8 cents along with a revenue miss of $58 million.

See Also: Bed Bath & Beyond Continues To Struggle Mightily To Adapt To A New Landscape

After a much lower open, far beyond its previous eight-year low that was made on Thursday at $33.40, Bed Bath & Beyond could only manage a 37-cent bounce to $30.50 before continuing its move lower. It has continued to drift lower with the current low standing at $29.59 as of 10:53 a.m. EST.

That marks the lowest level for the stock since July 2009, when it bottomed at $29.13.