By Amrith Ramkumar WSJ Mon., Jan. 14, 2019 Here are some of the companies with shares expected to trade actively in Monday’s session. Check back closer to the market open for an updated list. Bed Bath & Beyond: Shares of the beaten-down retailer have risen 24% in the past two sessions after reporting quarterly profits roughly in line with Wall Street expectations and missing on sales. UnitedHealth: The health-care company has climbed in six consecutive sessions, the longest such streak in nearly a year. Lennar: The home builder rose 13% last week after topping earnings expectations and announcing a share repurchase program, its largest weekly advance since June 2012. Starbucks: The coffee chain finished down 0.7% Friday after earlier falling as much as 3.9% following a Goldman Sachs downgrade to neutral from buy. Article Continued Below This is a version of the “Stocks to Watch” section of our Markets newsletter. To receive it every … [Read more...] about Stocks to Watch: Bed Bath & Beyond, UnitedHealth, Lennar, Starbucks
The home-goods company had a massive day on Wall Street. Andrew Osterland Published 4:25 pm CST, Thursday, January 10, 2019 Photo: Michael Brochstein | Getty Images Photo: Michael Brochstein | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Michael Brochstein | Getty Images Bed Bath & Beyond Was a Monster in the Stock Market Today. Here's Why. 1 / 1 Back to Gallery Bed Bath & Beyond Inc. was a monster in the stock market today, rising 16.56 percent -- by far the biggest gain on the Entrepreneur Index™. The specialty retailer beat earnings estimates by only a penny, but gave a surprising outlook on 2019. The company said it expected earnings for this year … [Read more...] about Bed Bath & Beyond Was a Monster in the Stock Market Today. Here’s Why.
Bed Bath & Beyond slightly missed on sales but beat on profits in the third quarter. The retailer’s comparable sales decline was worse than expected. The company maintained its earnings guidance that topped Wall Street estimates. Watch Bed Bath & Beyond trade live. Bed Bath & Beyond soared 9% to $US13.36 a share early Thursday as investors brushed off soft sales and instead focused on its better-than-expected profit. The home-goods seller announced late Wednesday that it earned $US0.18 a share in the third quarter – $US0.01 better than the Wall Street consensus, according to Bloomberg data. Its revenue totaled $US3.03 billion, slightly missing the $US3.04 billion that was expected. But the results weren’t all good. The company’s same-store sales declined 1.8%, missing the 0.2% decrease that analysts estimated. Looking ahead, Bed Bath & Beyond maintained its earnings guidance of $US2 per share, topping the $US1.97 that analysts were … [Read more...] about Bed Bath & Beyond jumps after beating on profits
(Reuters) - Home furnishing retailer Bed Bath & Beyond Inc (BBBY.O) on Wednesday reported a better-than-expected quarterly profit and forecast earnings for 2019 above Wall Street estimates, sending its shares up 16 percent in extended trading. FILE PHOTO: Shoppers leave A Bed Bath & Beyond store in Boca Raton, Florida in this March 19, 2016 . REUTERS/Carlo Allegri Bed Bath & Beyond, which sells everything from bath towels and bed sheets to kitchen appliances and home furnishings, has been heavily investing in revamping its stores and digital platforms as well as its loyalty programs to ward off online retailers such as Amazon.com Inc (AMZN.O) and Wayfair Inc (W.N). The company has also been spending on its decorative furnishing business, adding more assortments to its store and websites while developing its own brands that will be introduced over the next two years. And the efforts seems to be paying off, with the retailer saying it is ahead of plans on its … [Read more...] about Bed Bath & Beyond forecasts 2019 profit ahead of estimates, shares…
FILE PHOTO: Shoppers leave A Bed Bath & Beyond store in Boca Raton, Florida in this March 19, 2016 . REUTERS/Carlo Allegri (Reuters) - Home furnishing retailer Bed Bath & Beyond Inc (BBBY.O) on Wednesday reported a better-than-expected quarterly profit, bolstered by its online business, and forecast earnings for 2019 above Wall Street estimates. The company’s shares, which had nearly halved in 2018, rose 21 percent in extended trading. However, short interest in Bed Bath & Beyond has climbed to at least a five-year-plus high, representing about a quarter of the company’s free float, according to Refinitiv data. The retailer forecast 2019 earnings per share to be about the same as fiscal 2018 at $2 per share. Analysts on average had expected a profit of $1.99 per share. The Union, New Jersey-based company’s net income fell 60 percent to $24.4 million, or 18 cents per share, in the third quarter ended Dec. 1. Analysts on average had expected a … [Read more...] about Bed Bath & Beyond posts better-than-expected profit, shares soar