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Posted by
admin 966 days ago
(http://emailwire.com)
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(EMAILWIRE.COM, September 27, 2010 ) Dallas, TX - Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) climbed 3.80% after the company not only posted a better than estimated Q2 revenue and earnings but also forecasted Full Year Outlook, that topped Wall Street's estimates.
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The company earned $181.6 million, or 70 cents a share, from $135.5 million, or 52 cents a share, in the prior-year quarter.
Revenue surged to $2.14 billion from $1.91 billion in the same quarter last year.
Analysts were looking the company to report earnings of 63 cents a share on revenue of $2.10 billion.
For the full-year 2010, the company revised its EPS upwardly to a growth of 20% or $2.76 a share. Previously, the company anticipated earnings to grow by about 15%.
Analysts currently expect earnings of $2.71 a share for the year 2010.
Bed Bath & Beyond Inc., along with its subsidiaries, is a chain of retail stores, operating under the names Bed Bath & Beyond (BBB), Christmas Tree Shops (CTS), Harmon and Harmon Face Values (Harmon) and buybuy BABY.
Red Hat, Inc. (NYSE:RHT) shares surged 11.24% to $40.83 following a fall of 4.40% in the regular hours. The company late Wednesday reported its fiscal second-quarter results, that easily beat the analysts' consensus.
The company said that its profit during the recent quarter slid to $23.7 million, or 12 cents a share, from $28.9 million, or 15 cents a share, in the year-earlier period. Excluding special items, the company earned 19 cents a share in the latest quarter.
Revenue grew 20% to $219.8 million from $183.63 million.
Analysts were eyeing the company to report earnings of 14 cents per share on revenue of $211.49 million.
Red Hat, Inc. (Red Hat) is engaged in providing open source software solutions to the enterprise, including its core enterprise operating system platform, Red Hat Enterprise Linux, its enterprise middleware platform, JBoss Enterprise Middleware, its virtualization solutions and other Red Hat enterprise technologies.
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Source: EmailWire.Com
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