Bed Bath & Beyond Beats Estimates; Ups Guidance (BBBY)

Bed Bath & Beyond BBBY reports Q2 earnings of $0.70 versus consensus of $0.63. Bed Bath & Beyond reports revenues of $2.137 billion versus consensus of $2.1 billion. Revenues increased 11.6% year over year. During fiscal Q2 2010, the company repurchased approximately $193 million of its common stock representing approximately 4.9 million shares. For the fiscal third quarter of 2010, the company is modeling net earnings per diluted share to be approximately $.61 to $.65. For fiscal 2010, the company is now modeling net earnings per diluted share to increase by approximately 20%, up from the previous model of approximately 15%. Shares of BBBY are higher in the after-hours by 4.71%.