Bed Bath & Beyond (BBBY) earnings Wed 6/20/12

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 ** weekly **

** charts after earnings **

Bed Bath & Beyond surpassed expectations with a 15% increase in profit in its fiscal first quarter, but a downbeat outlook, middling same-store sales growth and narrower gross margin were a departure from company tradition. The retailer's shares fell sharply after hours.

Shares of the home-furnishings retailer were down 11% in after-hours trading Wednesday to $65.88. The stock has been tracking all-time highs recently, enjoying an upward swing since 2009 and reaching its latest apex at $75.84 Tuesday.

The company forecast current-quarter earnings of 97 cents to $1.03 a share, compared with views of $1.08 from analysts polled by Thomson Reuters, on revenue growth of 5% to 7%. Same-store sales are expected to increase 2% to 4%.

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 ** weekly **