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Bed Bath & Beyond Inc. Cuts Full Year Guidance.

M2 Presswire

| June 29, 2007 | COPYRIGHT 2007 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

M2 PRESSWIRE-29 June 2007-InvestorInstantMessaging: Bed Bath & Beyond Inc. Cuts Full Year Guidance(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:29062007

InvestorIM has been created as a tool for the average investor. The idea is simple, a website where the world can communicate. Do you have a stock related question, then why not ask 50,000 individual members? Are you a shareholder of Bed Bath & Beyond Inc. (NASDAQ:BBBY)? Join the many members engaged in this stock right now. Come see for yourself at www.investorim.com for your complimentary subscription.

Bed Bath & Beyond Inc. shares headed south in premarket electronic trading Thursday June 28, 2007 after the home goods chain lowered its guidance, citing uncertain economic trends.

Shares were off $1.56, or 4.2 percent, to $36 in early trading, having closed at $37.56 Wednesday.

The Union, N.J.-based retailer posted a 4 percent increase in first-quarter profit after the bell Wednesday. Results came in a penny above Wall Street expectations, which were lowered earlier in the month after the company reduced its guidance.

But the company's forecast for full-year profit of $2.11 to $2.26 per share came in below the average estimate of $2.33 per share, according to a poll by Thomson Financial.

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Source: HighBeam Research, Bed Bath & Beyond Inc. Cuts Full Year Guidance.

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