Investing.com - Bed Bath&Beyond reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Bed Bath&Beyond announced earnings per share of $0.5 on revenue of $2.69B. Analysts polled by Investing.com anticipated EPS of $-0.32 on revenue of $2.62B.
Bed Bath&Beyond shares are up 15% from the beginning of the year and are trading at $19.94 , down-from-52-week-high.They are under-performing the Nasdaq which is up 26.04% from the start of the year.
Bed Bath&Beyond shares gained 33.11% in intra-day trade after the report.
Bed Bath&Beyond follows other major Services sector earnings this month
Bed Bath&Beyond's report follows an earnings beat by Costco on Thursday, September 24, 2020, who reported EPS of $3.51 on revenue of $53.38B, compared to forecasts EPS of $2.85 on revenue of $52.11B.
Lululemon Athletica had beat expectations on Tuesday, September 8, 2020 with second quarter EPS of $0.74 on revenue of $902.94M, compared to forecast for EPS of $0.56 on revenue of $844.48M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar