Bed Bath & Beyond Drops After Disappointing Earnings, Forecast

Bed Bath & Beyond Inc. shares fell more than 5% in late trading Wednesday after the retail chain announced earnings and a forecast that came in lower than expectations. The company said it had net income of $126.4 million, or 85 cents a share, on sales of $2.96 billion in its fiscal third quarter, reflecting a stark decline in profit from $1.09 a share in the same period a year before.

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