What Bed Bath & Beyond's Q3 Earnings Mean for Mutual Fund Investors (BBBY)
Shauna O'Brien Jan 09, 2015
Inside BBBY’s Results
The company reported earnings of $225.4 million, or $1.23 per share, down from $237.2 million, or $1.12 per share, last year. On average, analysts expected to see earnings of $1.19 per share.
Revenue rose 2.7% to $2.94 billion from $2.87 billion. Analysts expected to see $2.97 billion in revenue.
Looking ahead, BBBY expects fourth quarter earnings to be between $1.78 and $1.83 per share.
For FY2014, the company now expects to see earnings between $5.05 and $5.09 per share, compared to its prior outlook of earnings between $5.00 and $5.08 per share.
Analysts expect to see Q4 earnings of $1.80 per share and $5.04 per share for FY2014.
Low Revenue Growth
Mutual Funds to Watch
|FLPSX||Fidelity® Low-Priced Stock||3.45%|
|VTSMX||Vanguard Total Stock Market Index||1.73%|
|ARTQX||Artisan Mid Cap Value Investor||1.76%|
The Bottom Line
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