real-time news and commentary for investors
Thursday, Apr 5
2012, 11:28 AM
Bed Bath & Beyond (BBBY +8.4%) makes new all-time highs after beating FQ4 estimates on the...
Bed Bath & Beyond (BBBY +8.4%) makes new all-time highs after beating FQ4 estimates on the back of strong same-store sales, and offering in-line guidance. Jefferies (Buy) sees the results as proof the retailer will thrive as home furnishings sales "migrate into the direct channel," and expects e-commerce initiatives to "reduce concern that the company is standing still." Wedbush (Buy) praises BBBY's financials, product line, and cross-selling opportunities. (transcript)