Strong Numbers from Bed Bath
Bed Bath & Beyond reported second-quarter profit of $1.16 a share on sales of $2.82 billion. Analysts had only expected $1.15 and $2.81 billion, respectively. Its outlook was also strong as an improving housing market increases demand for home goods. BBBY climbs 6 percent before the opening bell on my tradeMONSTER platform.
Hertz Drops on Weak Guidance
Hertz Global came out with revised guidance for the full year, and it wasn't pretty. Net income will be just $780 million to $830 million. It had previously forecast $830 million to $875 million. Revenue expectations were also lowered. HTZ drops 11 percent in the premarket.
Flow Int'l Pops on Going-Private Deal
Flow International, a developer of industrial water jets, agreed to be purchased by private-equity firm American Industrial Partners for $4.05 a share in cash. FLOW rallies 6 percent on the news.
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