Bed, Bath And Buyer Be Happy

Shares of Bed, Bath, and Beyond BBBY were sharply higher in Wednesday after-market trading, after the home goods retailer reported much better than expected earnings. BBBY reported earnings of 70 cents per share, 7 cents better than the 63 cents analysts had been expecting. It also reported better top line growth, reporting $2.14 billion in revenue, slightly higher than the $2.1 billion estimate. Bed, Bath, and Beyond also raised its guidance for the third quarter, saying it now sees earnings of 61-65 cents per share, compared to the 63 cent estimate from Wall Street. Shares are currently up nearly 5% to $44.14, a gain of $2.09.