The home furnishing retailer, Bed Bath & Beyond Inc. (NASDAQ: BBBY) reported late last evening that its fiscal first-quarter income fell 2.1% as margin was hurt by higher expenses while unfavorable comparables (smaller tax benefit compared to corresponding quarter of last year) also offset improvement in revenue.
Continue reading Bed Bath & Beyond Q1 Revenue up 18%, Outlook Slightly Cautious (BBBY)
Shares of Mattress Firm Holding Corp. (NASDAQ: MFRM) jumped about 6.90% by afternoon trade. The bedding company, late last evening, said that fiscal first quarter profit rose, driven by a solid revenue growth and handed better-than-expected earnings as well as revenue. Mattress Firm also reaffirmed its full-year earnings and revenue outlook.
Continue reading Major Movers on June 5; MFRM, CYBX, RES, AMBA, JNPR, BBBY