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Why Bed Bath & Beyond Stock Is Soaring Today

TheMotleyFool

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Why Bed Bath & Beyond Stock Is Soaring TodayPhoto, wide shot, wide-angle lens, Home appliance manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/5d70b6df-fa9b-4237-9702-39c36cb1d4f8.png

Shares of Bed Bath & Beyond (NASDAQ: BBBY) were soaring over 10% higher in morning trading Thursday despite the home goods retailer reporting fiscal 2021 third-quarter earnings that missed analyst expectations and had management warning it would report a loss for the full year.

The stock had actually plunged by a like amount in pre-market trading. But once the stock market opened, it was off to the races for Bed Bath & Beyond as the report indicated consumers responded well to its mitigation efforts following a slower-than-expected start to the quarter.

Image source: Getty Images.

Source Fool.com

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