Bed Bath & Beyond shares surge on earning report

Bed Bath & Beyond shares rose as much as 11.5% in pre-market trading today after the company reported its fiscal second quarter results.

Earnings came in at 50 cents per share, more than double the 23 cents analysts expected.

Revenue was flat at $2.7 billion compared with the same quarter last year. However, analysts had predicted $2.6 billion in sales.

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