Bed Bath & Beyond Disappoints, but This Nasdaq Stock Took the Biggest Hit Thursday
The stock market has been turbulent lately, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) has been the worst performer among major market benchmarks. On Thursday morning, it seemed likely that the Nasdaq's downward streak would continue, with futures on the index falling 87 points to 15,679 as of 8 a.m. ET.
Earnings season won't start for another week or two, but a few companies are already getting a jump on things, and Bed Bath & Beyond's (NASDAQ: BBBY) report on its most recent results proved to be extremely disappointing to shareholders. Yet the steep drop in the home goods retailer's stock paled in comparison to an even steeper plunge for another stock on the Nasdaq. You'll learn more about that stock later in this article, but first, let's look at Bed Bath & Beyond's report to see what spooked investors.
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Source Fool.com
