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News Watch
- 11/23/2008 2:42:13 AM
By Chip Brian, SmarTrend Analytics Team
After hours Wednesday, retailer Bed Bath & Beyond, (NASDAQ:BBBY) reported their financial results for the second quarter. Net income for the quarter was $119.3 million, or 46 cents per share, down from $147.0 million, or 55 cents per share in the same year-ago period. The company said net sales for the quarter were up to $1.854 billion in comparison to $1.768 billion in the same quarter last year. The company currently runs 903 Bed Bath & Beyond stores, 13 of which were opened during their second quarter this year. Shares of Bed Bath & Beyond were up 31 cents to 30.71
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