Bed Bath & Beyond Drops as Profit Forecast Trails Estimates
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Bed Bath & Beyond Inc. shares tumbled the most in three months after the retail chain’s first-quarter profit forecast fell short of analysts’ estimates.
Earnings will be 92 cents to 96 cents a share in the period, the Union, New Jersey-based company said yesterday in a statement. Analysts had estimated $1.02 on average, according to data compiled by Bloomberg.