Bed Bath & Beyond Earnings Beat Catalyze After-Hours Rally

about 2 months ago

"Well, let's quickly get over to Bed Bath and Beyond also reporting uh earnings as well. You can see the stock is moving higher after hours. That is because when it comes to third quarter net revenue that came in at $257.2 million. Uh that is actually just shy of estimates which had been for around $260 million. But then you take a look at the third quarter adjusted EVID loss that came in at $4 and 9.94 million. The estimated loss had been for 10.5 million. So much better than expected when it comes to the expected loss. The third quarter adjusted EBITDA loss. You can see shares flying right now."

Bed Bath & Beyond reported Q3 results where, despite a slight miss in net revenue, a significantly better-than-expected adjusted EBITDA loss drove a strong after-hours rally.

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