Boston, MA 27/06/2013 (wallstreetpr) – In the recently released financial results for the first quarter of fiscal year 2013, Bed Bath & Beyond Inc (NASDAQ:BBBY) had reported earnings per share at $0.93 per basic and diluted share, thereby keeping in line with the estimates of the analysts. The company had reported revenues to the extent of $2.61 million for the first quarter compared to the analyst estimates of revenues at $2.60 million.
For the first quarter of fiscal year 2013, Bed Bath & Beyond Inc (NASDAQ:BBBY) had reported comparable store sales to have increased by 3.4 percent compared to the increase of 3.0 percent for the same quarter of previous year. The company had lined its financial guidance for the second quarter earnings at $1.11 to $1.16 per diluted share and for the full fiscal year at $4.84 to $5.01 per share.
The shares of Bed Bath & Beyond Inc (NASDAQ:BBBY) had been gaining grounds by around 1.73 percent and had thereby had reached $70.00 per share when the market closed for trading on Wednesday. The shares of the company had recorded minimal fluctuations in intraday price movements within the range of $69.15 to $70.11 per share during the day, after it had opened at $69.15 per share. The recent few days of trading in shares of Bed Bath & Beyond Inc (NASDAQ:BBBY) had led the company to record new 52 week low price level at $54.33 per share, while the 52 week high price level of the company stays at $72.36 per share.
Bed Bath & Beyond Inc (NASDAQ:BBBY) had been witnessing the exchange of 2.92 million shares for the last trading session on Wednesday, while the average level of trading volume for the company is at 2.05 million shares per day. Around 93 percent of the total capital of Bed Bath & Beyond Inc (NASDAQ:BBBY) is held under institutional ownership and the company presently has a total of 221.49 million shares outstanding in the market.
