Pursuits
Bed Bath & Beyond Falls on Quarterly Forecast: New York Mover
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Bed Bath & Beyond Inc. fell the most since its stock market debut after forecasting fiscal second-quarter profit that was less than analysts’ estimated amid slowing same-store sales.
The shares declined 17 percent to $61.17 at the close in New York, for the biggest drop since the company first sold shares in a public offering in 1992. The Union, New Jersey-based company has gained 5.5 percent this year.