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Earnings Flashback: Since Reporting Quarterly Results 2 Weeks Ago Bed Bath & Beyond Is Down 5.6% (BBBY)
Jan 07, 2013 (SmarTrend(R) News Watch via COMTEX) --
When Bed Bath & Beyond (NASDAQ:BBBY) reported earnings 19 days ago on December 19th, 2012, analysts, on average, expected the company to report earnings of $1.02 on sales of $2.7 billion. Bed Bath & Beyond actually reported earnings of $1.03 per share on sales of $2.7 billion, beating EPS estimates by $0.01 and missing revenue estimates by $33.8 million. Shares of Bed Bath & Beyond have slipped from $60.28 to $56.90, representing a loss of 5.6%, since the company reported earnings 19 days ago.
Bed Bath & Beyond share prices have moved between a 52-week high of $75.84 and a 52-week low of $54.33 and are now trading 5% above that low price at $56.90 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.6%.
SmarTrend recommended that its subscribers protect gains by selling shares of Bed Bath & Beyond on September 21st, 2012 by issuing a Downtrend alert when the shares were trading at $62.18. Since that call, shares of Bed Bath & Beyond have fallen 8.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Write to Chip Brian at cbrian@mysmartrend.com
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