Shares of the home goods retailer Bed Bath & Beyond (NASDAQ: BBBY) plunged more than 20% on Wednesday following the release of disappointing first-quarter earnings results. $BBBY dropped by 24% on Wednesday during regular trading, closing at $4.99 per share. The retailer reported a net loss of $358 million in its latest quarter, more than 7 times worse than a year ago.
Check out the detailed review of BBBY Q1 earnings here - https://gulfbrokers.com/en/bbby-crash-continues-the-stock-dips-below-5