Highlights in Focus: Bed Bath & Beyond Inc. (NASDAQ:BBBY), Worthington Industries, Inc. (NYSE:WOR), Apogee Enterprises, Inc. (NASDAQ:APOG)

April 25, 2023 9:45 am9 commentsViews: 74

Home goods retailer, Bed Bath & Beyond Inc. (NASDAQ:BBBY) released on Wednesday that its Q1 net earnings of $158.5M as compared with $187.1 million previous year. On a per share basis, earnings for the quarter were unchanged from a year before at $0.93 because of a lower share count, according to company. The firm’s revenues for the quarter were increased 3.1% at $2.74B as compared with $2.66B in the previous year. Analysts polled by Thomson Reuters estimated earnings of $0.94 per share on revenues of $2.74 billion for the quarter. Analysts’ estimates typically exclude special items. For the full year 2015, the company still expects earnings to be between relatively flat and a mid-single digit percentage increase, and same store sales to grow 2% to 3%. Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) opened at $70.95 with 171.31 million outstanding shares and hit to its highest price of $71.15 during the day and finally closed at $70.34 by scoring -0.58%.

Worthington Industries, Inc. (NYSE:WOR) released that its net earnings for the Q4 of $28.9M or $0.44 a share, as compared to $33.2M or $0.47 a share for the year-ago quarter. Impairment, restructuring, and other charges reduced newest quarter earnings by $0.08 a share. The net sales for the Q4 dropped to $846M from $891M a year before. Analysts polled by Thomson Reuters expected the company to earn $0.46 per share on revenue of $835.87 million for the fourth quarter. Analysts’ estimates typically exclude special items. Separately, Worthington Industries declared a quarterly dividend of $0.19 per share, an increase of $0.01 per share from the prior quarter. The dividend is payable on September 29 to shareholders of record on September 15. Worthington Industries, Inc. (NYSE:WOR) stock hit highest price at $28.49, beginning with a price of $28.42  to close at 28.22 by a loss of -0.95% with a day range of $28.03-$28.49.

Apogee Enterprises, Inc. (NASDAQ:APOG) released on Wednesday that its Q1 net income of $12.1M or $0.41 a share, increased from previous year’s profit of $6.1M or $0.21 per share previous year. The net sales for the quarter increased to $240M from 210.9M previous year. Analysts polled by Thomson Reuters anticipated earnings of $0.37 a share on revenues of $241.76 million for the quarter. Analysts’ estimations typically eliminate special items. Looking forward to the full year 2016, the company raised its earnings outlook to $2.10 to $2.25 per share from prior outlook of $2.05 to $2.20 per share. Analysts currently expect earnings of $2.13 per share. On the other consideration, Apogee Enterprises, Inc. (NASDAQ:APOG) begun last trade with a price of $60.16 and throughout the trading session climbed at $60.50. The day-trade ended with a loss of -0.07%  to close at $60.06. The stock is going forward its fifty-two week low with 96.48% and lagging behind from its 52 week high price with -1.62%. APOG last month stock price volatility remained 3.31%.

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