Bed Bath & Beyond Inc Bottom Line Retreats 17% In Q2

(RTTNews) - Bed Bath & Beyond Inc (BBBY) announced earnings for second quarter that dropped compared to the same period last year.

The company said its bottom line came in at $167.33 million, or $1.11 per share. This was down from $201.68 million, or $1.21 per share, in last year's second quarter.

Analysts had expected the company to earn $1.17 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue came in at $2.99 billion, equal to the mark posted in the same period last year.

Bed Bath & Beyond Inc earnings at a glance:

-Earnings (Q2): $167.33 Mln. vs. $201.68 Mln. last year. -Earnings Decline (Y-o-Y): -17.0% -EPS (Q2): $1.11 vs. $1.21 last year. -EPS Decline (Y-o-Y): -8.3% -Analysts Estimate: $1.17 -Revenue (Q2): $2.99 Bln vs. $2.99 Bln last year. -Revenue Change (Y-o-Y): 0%

-Guidance: Full year EPS guidance: $4.50 - $5.00