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New York, NY -- (SBWIRE) -- 04/11/2013 -- StockRunway.com issues special report on the Stocks to Watch Bed Bath & Beyond Inc (NASDAQ:BBBY), CarMax, Inc (NYSE:KMX)
Bed Bath & Beyond Inc (NASDAQ:BBBY) announced on Wednesday that fiscal Q4 net income moved up almost 7%, assisted by recent acquisitions. The Union Township, New Jersey based company runs Bed Bath & Beyond, Cost Plus World Market and several other retail chains.
The company earned $373.9 million or $1.68 a share for three months period that finished March 2, evaluated against $351 million or $1.48 a share in the similar period a year ago. Revenue moved up around 25% to $3.4 billion from $2.73 billion, assisted by the acquisitions.
Quarterly results of the company met the forecasts of analysts surveyed by FactSet.The retail store also reported on Wednesday that it projects to earn in the range of 88 to 94 cents a share for fiscal Q1; analysts had estimated EPS of 95 cents.
Can Investors Bet on BBBY after this News update? Find out in this Research Report
The Richmond, Virginia based CarMax, Inc (NYSE:KMX) reported on Wednesday that its fiscal Q4 profit moved up 13% as higher inventory and financing offers strengthen sales.
Used car dealership chain, which runs over 115 stores in 59 markets that mainly sell used cars and trucks, announced earnings of $107.2 millionor 46 cents a sharefor three months period finished February 28, evaluated against $95 millionor 41 cents a share in a year earlier.
Quarterly revenue moved up 13% to $2.83 billion.FactSetanalysts’ survey most recently forecasted EPS of 45 cents a share on $2.72 billion of revenue. Shares of the company hiked $1.34or 3.2% to $43.02 in morning trading session on Wednesday.CarMax&aposs auto financing unit income moved up 15% to $76 million in the three months period as it financed more of its customers’ vehicles.
Will KMX Continue To Move Higher? Find Out Here
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