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Wednesday, September 26, 2018

Bed Bath & Beyond falls 15% after earnings miss

Shares of Bed Bath & Beyond fell 15 percent on Wednesday after missing earnings.

The retailer reported earnings of 36 cents a share, below Thomson Reuters estimates of 50 cents a share.

It reported sales of $2.94 billion, less than expected $2.96 billion.

Comparable sales were down 0.6 percent, rather than growing 0.3 percent, as expected.

This story is developing. Please check back for updates.

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