Bed Bath & Beyond Inc Announces Drop In Q2 Profit

(RTTNews) - Bed Bath & Beyond Inc (BBBY) reported earnings for second quarter that fell from the same period last year.

The company's earnings totaled $48.64 million, or $0.36 per share. This compares with $94.23 million, or $0.67 per share, in last year's second quarter.

Analysts had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue held steady at $2.94 billion

Bed Bath & Beyond Inc earnings at a glance:

-Earnings (Q2): $48.64 Mln. vs. $94.23 Mln. last year. -EPS (Q2): $0.36 vs. $0.67 last year. -Analysts Estimate: $0.50 -Revenue (Q2): $2.94 Bln vs. $2.94 Bln last year.