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UNION, N.J. (AP) _ Bed Bath & Beyond Inc. (BBBY) on Tuesday reported a loss of $393 million in its fiscal third quarter.
On a per-share basis, the Union, New Jersey-based company said it had a loss of $4.33. Losses, adjusted for one-time gains and costs, were $3.65 per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $2.36 per share.
The home goods retailer posted revenue of $1.26 billion in the period, also missing Street forecasts. Seven analysts surveyed by Zacks expected $1.43 billion.
The company's shares closed at $1.62. A year ago, they were trading at $13.80.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a BBBY">Zacks stock report on BBBY at https://www.zacks.com/ap/BBBY