Bed Bath & Beyond Falls as Profit Trails Analysts’ Estimates
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Bed Bath & Beyond Inc. fell the most in more than 18 months after the retailer reported quarterly net income and forecast fourth-quarter profit that trailed analysts’ estimates.
The shares declined 13 percent to $69.14 at 12:05 p.m. in New York and earlier slid as low as $69 for the largest intraday drop since June 2012.