Bed Bath & Beyond Inc Q1 Income Drops

(RTTNews) - Bed Bath & Beyond Inc (BBBY) revealed earnings for first quarter that dropped from last year.

The company's profit came in at $43.58 million, or $0.32 per share. This compares with $75.28 million, or $0.53 per share, in last year's first quarter.

Analysts had expected the company to earn $0.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.4% to $2.75 billion from $2.74 billion last year.

Bed Bath & Beyond Inc earnings at a glance:

-Earnings (Q1): $43.58 Mln. vs. $75.28 Mln. last year. -EPS (Q1): $0.32 vs. $0.53 last year. -Analysts Estimate: $0.32 -Revenue (Q1): $2.75 Bln vs. $2.74 Bln last year.