A Weak Quarter at Bed Bath & Beyond, and Shares Soar

A Weak Quarter at Bed Bath & Beyond, and Shares Soar
A Bed Bath & Beyond sign is shown in Mountain View, Calif., on May 9, 2012. Paul Sakuma/AP Photo
|Updated:

Losses widened at Bed Bath & Beyond as a tangled global supply chain continued to squeeze sales and the home goods chain lowered expectations for its final fiscal quarter, and also its full-year revenue.

At the opening bell, however, shares of the company that have been grouped with other meme stocks of beaten down companies, soared more than 10 percent.