Bed Bath & Beyond shares rise as earnings top estimates, retailer plans to maintain some key investments [CNBC]
Bed Bath & Beyond, Inc. (BBBY)
Last bed bath & beyond, inc. earnings: 4/15 04:15 pm
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bedbathandbeyond.com
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Source: CNBC
Bed Bath & BeyondcoronavirusThe company said that despite widespread, temporary store closures, it still has the financial flexibility to make key investments in e-commerce and strengthen its ability to offer shoppers the option to buy products online and pick them up at stores."The duration and extent of the pandemic is highly uncertain, and Bed Bath & Beyond's results could be impacted in ways that are difficult to predict today," it said, in its earnings release.Bed Bath & Beyond shares jumped roughly 13% in after-hours trading. The stock had closed the day down more than 17%. The company has a market cap of about $563.7 million.Here's how Bed Bath & Beyond did, for the quarter ended Feb. 29:The retailer reported a net loss of $65 million, or 53 cents per share, in the quarter, compared with a loss of $254 million, or $1.92 a share, a year ago.Excluding one time items, the company earned 38 cents per share, better than the 20 cents analyst were expecting, based on Refinitiv consens
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