Keep an eye on shares of Bed Bath & Beyond (BBBY) in Thursday’s trading session. The home goods retailer released its fiscal first quarter earnings results after the market closed Wednesday. For the first quarter, the home furnishings retailer posted a profit of $0.93 per share on revenue of $2.74 billion. Wall Street was expecting the company to earn $0.94 per share on revenue of $2.74 billion for the quarter ended May 2015, according to Thomson Reuters data. In the same quarter a year ago, the company earned $0.93 per share on sales of $2.66 billion. Bed Bath & Beyond reported that same store sales rose by 2.2% in the first quarter, lower compared to a growth of 2.5% analysts had projected as online competition pinched margins. In the same quarter of last year, the it posted same store sales growth of 0.4%. The company also said currency impact had a negative effect on its latest quarterly financial results. TheStreet’s Kurumi Fukushima reports in New York.
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